FOR SALE
$280,000

1/55 Toolooa Street
South Gladstone QLD 4680

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 91m2
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6.5% Gross Return, 2026 Lease Expiry, Inner-City Location!

Positioned in the heart of South Gladstone, this well-maintained unit at 1/55 Toolooa Street presents an ideal opportunity for investors. With two generously sized bedrooms and one modern bathroom, this property is currently leased at $350 per week, with a secure tenancy in place until the 29th of January, 2026.
Upon entering, you're greeted by a bright, open-plan living area. The space is fully tiled, ensuring easy maintenance, while ceiling fans and split-system air conditioning provide year-round comfort. Large windows flood the room with natural light, adding to the fresh and
airy feel of the space. The kitchen, sleek in its design, features modern white cabinetry, ample storage, and quality stainless steel appliances, including a dishwasher and electric oven, making meal preparation a breeze.
The two bedrooms offer a peaceful retreat, each fitted with built-in wardrobes, ceiling fans, and air conditioning units, perfect for comfort during the warmer months. The neutral tones throughout create a calming atmosphere, while the large windows in both bedrooms allow plenty of light to filter through.
The bathroom is both stylish and functional, featuring a glass-enclosed shower, a spacious vanity, and a separate bathtub, perfect for unwinding after a long day.
Step outside to find a small, private backyard, complete with a grassed area-ideal for relaxing or small outdoor activities without the hassle of high maintenance.
The property also includes a dedicated parking space with convenient access via a well-kept driveway, and the unit itself boasts a neat, modern exterior that adds to its overall appeal.
Centrally located, this unit is just minutes away from local shops, schools, and amenities, making it highly desirable for tenants and a solid investment opportunity. With a long-term lease already in place, this property offers immediate rental income with no additional outlay required for renovations or improvements.
Additional Information:
• Currently rented at $350 per week until 29/01/2026
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Property Details for 1/55 Toolooa St, South Gladstone

1/55 Toolooa St, South Gladstone is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 91m2. The place is currently for sale with Ray White Gladstone.

Building Type
Unit
Land Size
91m2

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About South Gladstone 4680

The size of South Gladstone is approximately 3.2 square kilometres. It has 5 parks covering nearly 9.4% of total area. The population of South Gladstone in 2011 was 3,626 people. By 2016 the population was 3,304 showing a population decline of 8.9% in the area during that time. The predominant age group in South Gladstone is 20-29 years. Households in South Gladstone are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in South Gladstone work in a trades occupation. In 2011, 50.4% of the homes in South Gladstone were owner-occupied compared with 48% in 2016.

South Gladstone has 2,173 properties. Over the last 5 years, Houses in South Gladstone have seen a 100.80% increase in median value, while Units have seen a 120.15% increase. As at 31 October 2024:

  • The median value for Houses in South Gladstone is $416,881 while the median value for Units is $236,685.
  • Houses have a median rent of $420 while Units have a median rent of $320.
There are currently 41 properties listed for sale, and 13 properties listed for rent in South gladstone on OnTheHouse. According to CoreLogic's data, 176 properties were sold in the past 12 months in South gladstone.

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Ray White Gladstone
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