OFF MARKET

2/21 Mcinnes Crescent
Glenvale QLD 4350

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Land area: 127m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 2 Sep 2024
Low

High
Save

Property Details for 2/21 Mcinnes Cres, Glenvale

2/21 Mcinnes Cres, Glenvale is a 3 bedroom, 2 bathroom Unit with 1 parking spaces. The property has a land size of 127m2. While the property is not currently for sale or for rent, it was last sold in December 2022.

Building Type
Unit
Land Size
127m2
Local Government
Toowoomba Regional
Lot/Plan
2/SP259242

Last Listing description (January 2024)

ONLY 1 REMAINING!

Each unit features:
- 3 generous built-in bedrooms

- Air-conditioned main bedroom featuring walk-in robe and ensuite
- Tiled open plan living with reverse cycle air-conditioning
- Modern kitchen featuring electric cooking appliances and dishwasher
- Family bathroom has both shower and bath, vanity and separate toilet
- Covered outdoor entertainment area
- Privacy fenced courtyard
- Single lock-up garage with internal access and integrated laundry
- Complex is current rented at $670 per week
- Projected rental values once the current leases are due for renewal are $380 per week (each) affording you a gross return on investment of $760 per week!

Located in the family friendly suburb of Glenvale, this lowset modern duplex, built in 2018, is situated close to local schooling including Glenvale Christian School, local parks and sporting fields, Glenvale shops and is only a short drive to the Toowoomba city centre. 21 McInnes Crescent is an ideal investment opportunity, you can live in one and rent out the other, or simply purchase one to nest or invest in.

Each unit features 3 large built-in bedrooms, the main bedroom is air-conditioned and features walk-in robe and ensuite with shower, vanity and toilet, expansive tiled open plan living and dining area, housed by the modern kitchen with electric cooktop, electric oven, dishwasher, rangehood, 2 bowl sink and breakfast bar, main bathroom with a vanity, toilet and separate bath and shower, and a single garage with internal access and integrated laundry.

Your cooling needs are sorted, with both units featuring reverse cycle air-conditioning to the main bedroom and open plan living area, additionally both units have a concrete outdoor entertainment area which overlooks the grassed privacy fenced backyard.

Investors - Unit 1 is currently returning $335 per week on lease until 29 November 2022 and Unit 2 is currently returning $335 per week on a lease until 5 May 2023; with the complex returning $670 per week. Projected rental values once the current leases are due for renewal are $380 per week (each) affording you a gross return on investment of $760 per week! (subject to market conditions)

The duplex has already been strata titled so the hard work is done!

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

Unit 1:
General rates: currently $1,061.88 net per half year
Water rates: currently $349.94 net per half year plus consumption

Unit 2:
General rates: currently $1,061.88 net per half year
Water rates: currently $349.94 net per half year plus consumption

Primary school state catchment: Glenvale State School
High school state catchment: Harristown State High School

Home Built: 2018

Property History for 2/21 Mcinnes Cres, Glenvale, QLD 4350

A timeline of how this property has performed in the market
Last Sold
$359,000
22 Dec 2022
  • 22 Dec 2022
    Sold for $359,000
  • 01 Nov 2022
    Listed for Sale UNDER CONTRACT

Commute Calculator

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 4,063 properties. Over the last 5 years, Houses in Glenvale have seen a 63.93% increase in median value, while Units have seen a 68.50% increase. As at 31 July 2024:

  • The median value for Houses in Glenvale is $633,859 while the median value for Units is $460,027.
  • Houses have a median rent of $500 while Units have a median rent of $420.
There are currently 25 properties listed for sale, and 12 properties listed for rent in Glenvale on OnTheHouse. According to CoreLogic's data, 260 properties were sold in the past 12 months in Glenvale.

Suburb Insights for Glenvale 4350

Market Insights
Glenvale Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend


Median Value over 1 year
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Glenvale Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend


Median Value over 1 year
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.