48 Herbert StreetAllora QLD 4362
Property Details for 48 Herbert St, Allora
Last Listing description (May 2021)
Offers over $400,000
3 X Shops + 2 Bedroom House on the rear of the block.
Only half the land has been developed, the other half stretching towards the back road could be developed with own rear entrance.
Currently tenanted to long standing 3 x tenants
Land area 1361m, combined shop space 200m + House 100m
Handy access from Rear Street.
Pristine Location
Allora is a very exclusive township located between Toowoomba and Warwick, it offers a country out west atmosphere yet providing for most of the local needs, plenty of room for growth and expansion.
The current tenants has been there for over 20 years and still loving it.
The town is located amongst the most beautiful scenery and centre from national parks and camping hotspots, only 2 hours drive to the Gold Coast and Brisbane, easy scenic route down south to Sydney.
Most visitors come up the New England Highway getting out of the city for weekends or holidays, the place is usually packed with visitors and tourists from other states.
Key property information
Land area: 1361 m
Combined Floor area: 300 m
Tenure type, Retail and Accommodation
Yield 6.5%
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Property History for 48 Herbert St, Allora, QLD 4362
- 18 Aug 2021Sold for $250,000
- 01 May 2021Listed for Sale Offers over $400,000
- 18 Nov 2020Listed for Sale Offers over $400,000
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0About Allora 4362
The size of Allora is approximately 96 square kilometres. It has 1 park covering nearly 0.2% of total area. The population of Allora in 2011 was 1,275 people. By 2016 the population was 1,216 showing a population decline of 4.6% in the area during that time. The predominant age group in Allora is 60-69 years. Households in Allora are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Allora work in a trades occupation. In 2011, 72.7% of the homes in Allora were owner-occupied compared with 70% in 2016.
Allora has 739 properties. Over the last 5 years, Houses in Allora have seen a 95.59% increase in median value, while Units have seen a 15.40% increase. As at 31 October 2024:
- The median value for Houses in Allora is $436,408 while the median value for Units is $330,129.
- Houses have a median rent of $310.
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