SOLD
RECENT ADVICE
Sold on 28 Oct 2024 for $895,000

81-85 Glennie Street
Drayton QLD 4350

Bedrooms: 4
Bathrooms: 1
Car spaces: 2
Floor area: 110m2
Land area: 4108m2
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Property Details for 81-85 Glennie St, Drayton

81-85 Glennie St, Drayton is a 4 bedroom, 1 bathroom House with 2 parking spaces and was built in 2000. The property has a land size of 4108m2 and floor size of 110m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 4 bedroom House sold in Drayton in the last 12 months.

Building Type
House
Year Built
2000
Floor Size
110m2
Land Size
4108m2
Local Government
Toowoomba Regional
Lot/Plan
5/SP270224

Last Listing description (June 2024)

Discover a developer's dream in the heart of Toowoomba an unparalleled opportunity awaits you. Secure your future with a DA-approved development featuring 16 townhouses, meticulously designed for modern living.
Nestled on a sprawling 4,108sqm level block, this property not only promises convenience but embodies the essence of affordable housing solutions. Imagine the potential as you explore the possibilities of creating a vibrant community within this prime location.

With a meticulously planned layout, each townhouse boasts 4 bedrooms, 2 bathrooms, and a double garage. Two living spaces, one on each floor, provide an ideal canvas for crafting contemporary and comfortable homes.
This isn't just a property; it's a canvas for your visionary development. The preliminary assessment indicates a secure and viable investment with an estimated building cost of $2.5 million for the first stage of 11 townhouses. The appeal extends beyond the residences an existing fully renovated home, currently fetching $19,760 in rent, offers immediate returns. Additionally, a rented shed generating $8,880 + GST, coupled with half of the council rates per annum, adds another layer of financial security.
Convenience is key, with a quick 12-minute drive to Toowoomba CBD and easy access to schools, daycare, shopping centers, and the University of Southern QLD. Mains water, sewer, and NBN availability on-site ensure your development is seamlessly connected to essential services.
Picture this: a thriving community emerging from your vision, providing affordable housing solutions and creating a legacy of secure investments. Sell or lease off the plan, capitalizing on the demand for contemporary living in a strategic location.
Seize the opportunity the groundwork is laid, the vision is clear, and the potential is immense.

Contact Michael Good - LJ Hooker Toowoomba
0422 718 476

Property History for 81-85 Glennie St, Drayton, QLD 4350

A timeline of how this property has performed in the market
Last Sold
$895,000
28 Oct 2024
  • 28 Oct 2024
    Sold for $895,000
  • 12 Dec 2023
    Listed for Sale Expressions of Interest
  • 22 Jan 2020
    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 1,179 properties. Over the last 5 years, Houses in Drayton have seen a 95.26% increase in median value, while Units have seen a 58.79% increase. As at 30 November 2024:

  • The median value for Houses in Drayton is $684,763 while the median value for Units is $388,339.
  • Houses have a median rent of $445 while Units have a median rent of $445.
There are currently 13 properties listed for sale, and 2 properties listed for rent in Drayton on OnTheHouse. According to CoreLogic's data, 54 properties were sold in the past 12 months in Drayton.

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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.