1/56 Magpie Dr, Cambooya is a 4 bedroom, 3 bathroom Unit.
This duplex presents an opportunity to purchase a three-bed and one-bed investment, returning a combined income of $475 per week. Unit 1 offers three bedrooms, main with ensuite, a walk-in robe and air conditioning. The other two bedrooms also have built-in robes and ceiling fans.
The kitchen, dining, and lounge are very spacious, enjoying the air conditioning and leading out to a covered outdoor area and private block that allows pets and kids to play safely and a larger than your usual unit yard. The kitchen boasts stone benchtops, a dishwasher, a double sink and ample storage. The unit is achieving $285wk with an agreement in place until April '22.
Unit 2 is a compact one-bedroom unit with an ensuite and kitchen, including stone benchtops and dishwasher combined with the living area. Again, a larger than normal privately fenced yard
The property is a wise investment at around a 6% return. Or live in one and let the rent of another unit help pay your mortgage.
Cambooya is just 20 minutes to Toowoomba CBD, offering state primary school, kindergarten, new Medical Centre, post office and chemist, garage, convenience store, churches and historic Bull & Barley Inn Hotel. As well as bowls club and tennis courts, there are lots to offer.
Features include:
- 3 and 1 bedroom duplex unit
- Stone benchtops, dishwashers, airconditioning
- Security doors
- Lockup garage with internal access
- A combined rental return of $475 per week
To arrange an inspection or learn more, please get in touch with Pam Hosking on 0419 718 062 or Leon Carlile on 0418 795 484.
The size of Cambooya is approximately 118.6 square kilometres. The population of Cambooya in 2011 was 1,297 people. By 2016 the population was 1,578 showing a population growth of 21.7% in the area during that time. The predominant age group in Cambooya is 0-9 years. Households in Cambooya are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Cambooya work in a trades occupation. In 2011, 75.1% of the homes in Cambooya were owner-occupied compared with 74.1% in 2016.
Cambooya has 1,153 properties. Over the last 5 years, Houses in Cambooya have seen a 86.00% increase in median value, while Units have seen a 149.79% increase. As at 31 December 2024:
$604k
15.40%
$465/W
4.35%
$648k
43.78%
$400/W
3.54%
Population 1,578
0-9
18%
10-19
12%
20-29
14%
30-39
11%
40-49
13%
50-59
14%
60-69
9%
70-79
6%
80-89
2%