FOR SALE
$2,750,000

39 Thurlow Street
Newmarket QLD 4051

Bedrooms: 8
Bathrooms: 6
Car spaces: 6
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
Save

Prime Block of 6 flats with Modern Features

High land content, city views and excellent returns.
Positioned in a quiet side street in the sought-after suburb of Newmarket, this well maintained block of 6 flats offers an exceptional opportunity for investors. Set on a generous 1214m² block, the property features:
2 x 2-Bedroom flats: Each flat includes 1 bathroom, 1 carport, and modern kitchens and bathrooms for contemporary living. These larger units are perfect for couples or small families.
4 x 1-Bedroom flats: Each featuring 1 bathroom, 1 carport, and a modern, well-appointed kitchen. These flats are ideal for professionals, students, or singles seeking a comfortable living space.
City Views: The front flats offer city views, providing a rare bonus.
Rental Return: Currently generating a combined rental return of $1,895 per week, this property presents strong cash flow potential for investors.
Ample Land Size: With a total land area of approximately 1209m², there is room for future development or potential for further value-add opportunities.
This block of flats is in a highly desirable location, close to transport links, schools, shops, and all the amenities Newmarket has to offer. Whether you're looking for a stable rental income or exploring future growth potential, this property is a fantastic addition to any investment portfolio.
Contact us today to arrange an inspection!

Property Details for 39 Thurlow St, Newmarket

39 Thurlow St, Newmarket is a 8 bedroom, 6 bathroom BlockOfUnits with 6 parking spaces and was built in 1960. The place is currently for sale with Matthews Real Estate.

Building Type
BlockOfUnits
Year Built
1960

Commute Calculator

About Newmarket 4051

The size of Newmarket is approximately 1.7 square kilometres. It has 10 parks covering nearly 9.3% of total area. The population of Newmarket in 2011 was 4,444 people. By 2016 the population was 4,986 showing a population growth of 12.2% in the area during that time. The predominant age group in Newmarket is 20-29 years. Households in Newmarket are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Newmarket work in a professional occupation. In 2011, 51.2% of the homes in Newmarket were owner-occupied compared with 46.8% in 2016.

Newmarket has 2,499 properties. Over the last 5 years, Houses in Newmarket have seen a 60.01% increase in median value, while Units have seen a 67.18% increase. As at 30 November 2024:

  • The median value for Houses in Newmarket is $1,555,450 while the median value for Units is $739,190.
  • Houses have a median rent of $650 while Units have a median rent of $550.
There are currently 13 properties listed for sale, and 16 properties listed for rent in Newmarket on OnTheHouse. According to CoreLogic's data, 88 properties were sold in the past 12 months in Newmarket.

Suburb Insights for Newmarket 4051

Market Insights
Newmarket Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Newmarket Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Contact agent
Russell Matthews
Show contact details
Matthews Real Estate
Preferred contact:
Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.