OFF MARKET

2/11 Diva Lane
Glenvale QLD 4350

Bedrooms: 6
Bathrooms: 4
Car spaces: -
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Last updated 14 Oct 2024
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Property Details for 2/11 Diva Lane, Glenvale

2/11 Diva Lane, Glenvale is a 6 bedroom, 4 bathroom Unit.

Building Type
Unit
Local Government
Toowoomba Regional

Last Listing description (February 2023)

We present to the market a sensational investment opportunity with exceptional potential to add to any growing portfolio. Currently both occupied with fantastic and well-established tenants, this duplex is sure to tick all the boxes.

All infrastructure require to strata title this duplex has been done, drastically reducing any cost involved with separating the two titles. The new purchaser has the ability to lodge the application with council. (Contact agent or Local Council for further information)

Each unit is comprised of three spacious built in bedrooms, the master offering an ensuite and reverse cycle ac for additional comfort. With a north facing aspect, each unit offers a sun-drenched kitchen, living & dining all year round.

Positioned for convenience, you with find this duplex within walking distance to Darling Downs Christian School, Oaks Childcare Centre, Sunset Super Bowl for the kids and only a short drive to the local Coles Supermarket.

At A Glance:
* This is a non-strata title duplex requiring joint sale
* All infrastructure to strata title has been completed
* The duplex features 6 good sized bedrooms with built in robes, ceiling fans & air conditioning in the master
* Main bathroom with shower, vanity and full-sized bathtub & separate toilet
* Generous linen storage in each unit
* Modern kitchen with stone benchtops, stainless steel appliances including dishwasher and electric cooktop
* Open plan dining and lounge area complete with split system air conditioning
* North facing covered alfresco with low maintenance yards
* Single remote lock up garage with European laundry and direct yard access
* Currently tenanted at a combined value of $650 per week (contact agent for additional lease details)
* Rental appraised at $740 - $750 per week for a potential 5.6% ROI
* Non-strata title duplex requiring combined sale
* No body corporate fees, only shared insurance

Offering an unmissable investment opportunity, 11 Diva Lane is calling all investors. Contact the team today to see how you can inspect this property before it is too late.

Accelerating Success. Contact Liam Hopkins & Dominic Ryan of Colliers Toowoomba for more information.

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Property History for 2/11 Diva Lane, Glenvale, QLD 4350

A timeline of how this property has performed in the market
Listed for Rent
$330/w
28 Sep 2021
  • 24 Oct 2022
    Listed for Sale Offers Above $649,000
  • 23 Mar 2020
    Listed for Rent $290 / week

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About Glenvale 4350

The size of Glenvale is approximately 14.6 square kilometres. It has 18 parks covering nearly 11.4% of total area. The population of Glenvale in 2011 was 5,405 people. By 2016 the population was 6,347 showing a population growth of 17.4% in the area during that time. The predominant age group in Glenvale is 20-29 years. Households in Glenvale are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Glenvale work in a trades occupation. In 2011, 65.8% of the homes in Glenvale were owner-occupied compared with 58% in 2016.

Glenvale has 4,023 properties. Over the last 5 years, Houses in Glenvale have seen a 72.56% increase in median value, while Units have seen a 70.14% increase. As at 30 September 2024:

  • The median value for Houses in Glenvale is $652,056 while the median value for Units is $488,974.
  • Houses have a median rent of $500 while Units have a median rent of $440.
There are currently 20 properties listed for sale, and 14 properties listed for rent in Glenvale on OnTheHouse. According to CoreLogic's data, 247 properties were sold in the past 12 months in Glenvale.

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