FOR SALE
For Sale

5/12 Patrick Lane
Toowong QLD 4066

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
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One lady owner

Yes, you read that right, our owner who has held since first purchased in 1979 reluctantly must let this one go. Priorities have shifted and our owner will require a sale at auction of their beloved River Garden apartment.
River Garden is one of Toowong's most popular buildings and it's easy to see why. You're right in the thick of it here with easy access to Toowong and all it has to offer and will offer in the near future and you're only 2.7km to the CBD as the crow flies.
Inside you will see the property is largely original which is where the value will lie for the right buyer. For those looking for a project or even if you're looking to get into this market at a sharper price then you absolutely need to come along. Maybe you just enjoy the retro touches! Did you spot the mirror tiles?
The good thing here is that there's space. That's something you can't generate when buying an apartment and we have plenty of it here, take a look at our floorplan.
Features:
One of the northmost Toowong complexes along the river
Generous main bedroom with ensuite
Single car lock-up garage
Complex which features an indoor heated pool, sauna, and space in the gardens to just unwind
Ample visitor parking behind secure gate
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Property Details for 5/12 Patrick Lane, Toowong

5/12 Patrick Lane, Toowong is a 2 bedroom, 2 bathroom Apartment with 1 parking spaces. The place is currently for sale with Coronis West.

Building Type
Apartment

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About Toowong 4066

The size of Toowong is approximately 4.2 square kilometres. It has 18 parks covering nearly 10.4% of total area. The population of Toowong in 2011 was 11,255 people. By 2016 the population was 10,832 showing a population decline of 3.8% in the area during that time. The predominant age group in Toowong is 20-29 years. Households in Toowong are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Toowong work in a professional occupation. In 2011, 42.9% of the homes in Toowong were owner-occupied compared with 44.4% in 2016.

Toowong has 7,381 properties. Over the last 5 years, Houses in Toowong have seen a 71.35% increase in median value, while Units have seen a 80.16% increase. As at 31 October 2024:

  • The median value for Houses in Toowong is $1,584,993 while the median value for Units is $774,068.
  • Houses have a median rent of $650 while Units have a median rent of $620.
There are currently 58 properties listed for sale, and 47 properties listed for rent in Toowong on OnTheHouse. According to CoreLogic's data, 340 properties were sold in the past 12 months in Toowong.

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Jade Kingi
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Coronis West
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