OFF MARKET

16 Sanctuary Drive
Cranley QLD 4350

Bedrooms: 5
Bathrooms: 4
Car spaces: 2
Floor area: 81m2
Land area: 509m2
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Property Details for 16 Sanctuary Dr, Cranley

16 Sanctuary Dr, Cranley is a 5 bedroom, 4 bathroom House with 2 parking spaces and was built in 2013. The property has a land size of 509m2 and floor size of 81m2. While the property is not currently for sale or for rent, it was last sold in August 2023.

Building Type
House
Year Built
2013
Floor Size
81m2
Land Size
509m2
Local Government
Toowoomba Regional
Lot/Plan
61/SP256664

Last Listing description (January 2024)

Low-set brick duplex - features include:
Unit 1:
- 2 carpeted bedrooms with built-in robes and ceiling fans

- Main bedroom complete with ensuite
- Open plan tiled living area with reverse cycle air-conditioning
- Modern kitchen with electric cooking appliances and dishwasher
- Family bathroom with a shower over bath, vanity and toilet
- Privacy fenced courtyard
- Single remote garage
- Rented at $340 per week until October - potential to increase to $370-$380 per week

Unit 2:
- 3 carpeted bedrooms with built-in robes and ceiling fans
- Main bedroom complete with ensuite
- Open plan tiled living area with reverse cycle air-conditioning
- Modern kitchen with electric cooking appliances and dishwasher
- Family bathroom with a shower over bath, vanity and toilet
- Privacy fenced courtyard
- Single remote garage
- Currently owner occupied - Rental appraised at $400-$410 per week subject to market conditions

Located nearby to local shops, schools, parks and only a stone's throw from the new Toowoomba Base Hospital Development, 16 Sanctuary Drive is an ideal investment opportunity with a strong prospective return.

Both units boast a functional and modern design, with spacious, carpeted bedrooms, built in robes and ceiling fans, additionally with each master bedroom hosting an ensuite. The open living/dining spaces flow effortlessly, with reverse cycle air-conditioning as well as a modern kitchen with electric cooking appliances and a dishwasher. Each unit has a family bathroom, with a shower over bath, vanity and toilet, as well as, for the vehicles, there is a single lock-up garage. Additionally, both units feature privacy fenced courtyards.

Externally, the property sits on a 509m?? allotment with two designated 'visitor' carparks (one per unit).

Investors - unit 1 is currently rented at $340 per week until October 2023, however, has the potential to increase to $370-$380 per week subject to market conditions. Unit 2 is currently owner occupied, however, has been appraised at $400-$410 per week subject to market conditions. This has a combined potential rental yield of $770-$790 per week.

Rent both units and reap the rewards, move into one and rent the other... there are plenty of options to consider!

For your convenience Team Elevate is available 7 days a week to arrange your private viewing.

General rates: currently $1,956.45 net per half year
Water rates: currently $490.77 net per half year plus consumption

Primary school state catchment: Fairview Heights State School
High school state catchment: Wilsonton State High School

Home Built: 2013

Property History for 16 Sanctuary Dr, Cranley, QLD 4350

A timeline of how this property has performed in the market
Last Sold
$715,000
15 Aug 2023
  • 15 Aug 2023
    Sold for $715,000
  • 27 Jul 2023
    Listed for Sale Not Disclosed
  • 25 May 2016
    Sold for $538,000
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About Cranley 4350

The size of Cranley is approximately 10.3 square kilometres. It has 3 parks covering nearly 0.1% of total area. The population of Cranley in 2011 was 851 people. By 2016 the population was 1,444 showing a population growth of 69.7% in the area during that time. The predominant age group in Cranley is 70-79 years. Households in Cranley are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Cranley work in a trades occupation. In 2011, 77.2% of the homes in Cranley were owner-occupied compared with 66.4% in 2016.

Cranley has 859 properties. Over the last 5 years, Houses in Cranley have seen a 85.54% increase in median value, while Units have seen a 80.31% increase. As at 30 September 2024:

  • The median value for Houses in Cranley is $638,732 while the median value for Units is $505,939.
  • Houses have a median rent of $515 while Units have a median rent of $450.
There are currently 11 properties listed for sale, and 3 properties listed for rent in Cranley on OnTheHouse. According to CoreLogic's data, 61 properties were sold in the past 12 months in Cranley.

Suburb Insights for Cranley 4350

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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.