SOLD
Sold on 12 Apr 2024 for $700,000

59 Luck Street
Drayton QLD 4350

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 112m2
Land area: 612m2
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Property Details for 59 Luck St, Drayton

59 Luck St, Drayton is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 2005. The property has a land size of 612m2 and floor size of 112m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 3 bedroom House sold in Drayton in the last 12 months.

Building Type
House
Year Built
2005
Floor Size
112m2
Land Size
612m2
Local Government
Toowoomba Regional
Lot/Plan
2/SP160694

Last Listing description (May 2024)

Looking for a lucrative investment in the heart of Drayton? Look no further than 2 Ball Street! This charming property offers not only generous living space but also an excellent opportunity for investors seeking stable returns.
The property boasts reliable, established tenants, ensuring consistent rental income for the savvy investor. Enjoy the peace of mind that comes with a property already occupied by responsible renters, making it a hassle-free investment.
With a current rent yield of around 5%, this property already offers a solid return on investment. Sit back and watch your money work for you while benefiting from a steady stream of rental income.

Based on current rental market, there's a promising opportunity to increase the rental yield to over 6%. Take advantage of the growing rental market and maximize your returns on this already lucrative investment.
Located in the desirable area of Drayton, this property offers convenience and accessibility to amenities, schools, and transport links, making it highly attractive to tenants and ensuring high occupancy rates.
With established tenants and promising rental yields, 2 Ball Street is a blue chip investment choice. Packed with extras please see below.

Don't miss out on this exceptional investment opportunity in Drayton! Whether you're a seasoned investor or looking to start your investment portfolio, 2 Ball Street offers a solid foundation for financial growth.

- Duplex
- Screens
- Established Tenants
- Open Plan
- Outdoor Entertaining
- Potential 6+% Yield
- Fenced
- Ensuite
- Reverse Cycle Air Conditioning
- Water Tank
- Storage
- Robes
- Autodoor

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Property History for 59 Luck St, Drayton, QLD 4350

A timeline of how this property has performed in the market
Last Sold
$700,000
12 Apr 2024
Listed for Rent
$300/w
18 Nov 2019
  • 12 Apr 2024
    Listed for Sale Offers Over $675,000
  • 12 Apr 2024
    Sold for $700,000
  • 14 Jun 2019
    Listed for Rent - Price not available
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About Drayton 4350

The size of Drayton is approximately 10.5 square kilometres. It has 15 parks covering nearly 9.7% of total area. The population of Drayton in 2011 was 1,608 people. By 2016 the population was 1,721 showing a population growth of 7.0% in the area during that time. The predominant age group in Drayton is 20-29 years. Households in Drayton are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Drayton work in a trades occupation. In 2011, 59.2% of the homes in Drayton were owner-occupied compared with 59.9% in 2016.

Drayton has 1,172 properties. Over the last 5 years, Houses in Drayton have seen a 91.05% increase in median value, while Units have seen a 45.77% increase. As at 30 September 2024:

  • The median value for Houses in Drayton is $661,433 while the median value for Units is $378,615.
  • Houses have a median rent of $445 while Units have a median rent of $380.
There are currently 10 properties listed for sale, and 3 properties listed for rent in Drayton on OnTheHouse. According to CoreLogic's data, 49 properties were sold in the past 12 months in Drayton.

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