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Sold on 10 Jul 2024 for $310,000

16/33 Margaret Street
East Toowoomba QLD 4350

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 90m2
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Property Details for 16/33 Margaret St, East Toowoomba

16/33 Margaret St, East Toowoomba is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a floor size of 90m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 2 bedroom Unit sold in East Toowoomba in the last 12 months.

Building Type
Unit
Floor Size
90m2

Last Listing description (July 2024)

Situated in the sought-after East Toowoomba, this inviting two-bedroom unit offers an exceptional opportunity for a wide range of buyers. Perfectly positioned across from the renowned Toowoomba Grammar School and within close proximity to St Vincent's Private Hospital, Sage & Butler Cafe, pharmacies, medical centres, and the shops at Mackenzie Row, everything you or your tenant could possibly need is right at your doorstep.

This unit is an excellent choice for first-time home buyers looking to enter the market, investors seeking a solid investment property, or families with children attending boarding schools in Toowoomba. The possibilities are endless.

Part of a welcoming complex of 22 units, both bedrooms feature an eastern aspect, are spacious, and come with built-in wardrobes, offering ample storage and a comfortable retreat. The heart of this home is the large lounge room, which opens onto a tranquil balcony-perfect for enjoying quiet evenings or morning coffee in the fresh air. The unit also includes a modern kitchen and bathroom and provides views over the Toowoomba CBD from the western balcony.

Convenience is a highlight, with single undercover parking ensuring your vehicle is secure. Additionally, the complex features an inviting in-ground swimming pool, ideal for leisurely swims or soaking up the sun. Located in a vibrant community, this unit offers more than just a place to live; it provides a lifestyle to enjoy.

Don't miss the chance to make this charming unit your new home or a valuable addition to your rental portfolio. Whether you're ready to move in immediately or wish to put your own stamp on it through renovation, this property is a blank canvas awaiting your personal touch. On the market for the first time in nearly 20 years, the sellers are keen to pass this beloved investment to someone who will appreciate it just as much.

For more information or to arrange a private inspection, contact Zac Turley today.

Property Features:
• Rent appraised for $350 p/week, offering an impressive approx. 6.6% return!
• Two well-proportioned carpeted bedrooms with built-in robes and a delightful eastern aspect.
• Spacious lounge equipped with Mitsubishi reverse cycle air-conditioning, that flows seamlessly onto a balcony boasting views towards Toowoomba CBD.
• Additional balcony access from one of the bedrooms.
• Modern kitchen featuring electric appliances, dishwasher and ample storage space.
• Renovated bathroom with a separate toilet, vanity, shower, and laundry space.
• Security screens for added peace of mind on all doors and windows.
• Enjoy the convenience of an in-ground swimming pool within the complex.
• Single undercover car parking for your vehicle.
• Low-maintenance property, perfect for busy lifestyles.
• Built in 1970.
• NBN connected.

Nearby Amenities:
• Located close to St Vincent's Private Hospital, The Range Shopping Centre, Queens Park, Botanic Gardens, Toowoomba Sports Ground, TAFE Queensland, and Webb Park.

School Catchment:
• Toowoomba East State School (Prep to Year 6)
• Centenary Heights State High School (Year 7 to Year 12)

Additional Nearby Schools:
• Toowoomba Grammar School
• Mater Dei Primary School
• Toowoomba Anglican School
• Fairholme College
• St Joseph's College

Property Rates:
• General rates (net ½ yearly): $1,103.57
• Water rates (net ½ yearly): $315.29 + consumption

Body Corporate:
• Current Administration Fund: $633.32 gross per quarter
• Current Sinking Fund: $233.33 gross per quarter
• A copy of the Disclosure Statement and Complex By-laws are available upon request.

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Property History for 16/33 Margaret St, East Toowoomba, QLD 4350

A timeline of how this property has performed in the market
Last Sold
$310,000
10 Jul 2024
Listed for Rent
$250/w
29 Jan 2021
  • 10 Jul 2024
    Sold for $310,000
  • 29 May 2024
    Listed for Sale SOLD BY ZAC TURLEY
  • 08 Jan 2021
    Listed for Sale Not Disclosed
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About East Toowoomba 4350

The size of East Toowoomba is approximately 4 square kilometres. It has 11 parks covering nearly 11.7% of total area. The population of East Toowoomba in 2011 was 5,675 people. By 2016 the population was 5,257 showing a population decline of 7.4% in the area during that time. The predominant age group in East Toowoomba is 10-19 years. Households in East Toowoomba are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in East Toowoomba work in a professional occupation. In 2011, 55.5% of the homes in East Toowoomba were owner-occupied compared with 54.7% in 2016.

East Toowoomba has 3,276 properties. Over the last 5 years, Houses in East Toowoomba have seen a 77.48% increase in median value, while Units have seen a 83.19% increase. As at 30 November 2024:

  • The median value for Houses in East Toowoomba is $857,863 while the median value for Units is $542,504.
  • Houses have a median rent of $550 while Units have a median rent of $380.
There are currently 15 properties listed for sale, and 30 properties listed for rent in East toowoomba on OnTheHouse. According to CoreLogic's data, 145 properties were sold in the past 12 months in East toowoomba.

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Zac Turley
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Elders Real Estate Toowoomba
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