SOLD
Sold on 31 Jul 2024 for $450,000

2/43 Highgrove Drive
Highfields QLD 4352

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 96m2
Land area: 119m2
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Property Details for 2/43 Highgrove Dr, Highfields

2/43 Highgrove Dr, Highfields is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2014. The property has a land size of 119m2 and floor size of 96m2. 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 Highfields in the last 12 months.

Building Type
Unit
Year Built
2014
Floor Size
96m2
Land Size
119m2
Local Government
Toowoomba Regional
Lot/Plan
2/SP271337

Last Listing description (February 2022)

Set in an ultra convenient location within easy reach of a large range of great local amenities this well presented unit is an ideal investment opportunity.

Currently rented via the National Rental Affordability Scheme (NRAS) for $244 per week until Nov 22 this property provides a stable return with added tax benefits including an incentive payment each year.

Very well presented throughout this lovely unit features:

2 bedrooms with builtins main with a generous ensuite
Large open plan living area with reverse cycle air con
Well appointed kitchen with good bench and cupboard space and electric appliances
Builtin study nook
Private rear courtyard with a covered rear patio
FTTN NBN available

As this property is rented via NRAS the rent paid by the tenant is at least 20% below the market value rent for the property. In exchange for renting the property at a lower rate the owner of an approved NRAS property receives an incentive payment each year. For the 2020 / 2021 year that payment was $11,270.59.

This payment is a Refundable tax offset and is deemed as tax free income! So you not only have a secure tenant in place but also the bonus of a bonus tax-free payment at the end of each financial year!

Contact Alan Reilly today to arrange your inspection of this ideal investment property!

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Property History for 2/43 Highgrove Dr, Highfields, QLD 4352

A timeline of how this property has performed in the market
Last Sold
$450,000
31 Jul 2024
Listed for Rent
$244/w
25 May 2018
  • 31 Jul 2024
    Sold for $450,000
  • 21 Jan 2022
    Sold for $350,000
  • 14 Jan 2022
    Listed for Sale Offers above $350,000
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About Highfields 4352

The size of Highfields is approximately 26.2 square kilometres. It has 26 parks covering nearly 2.2% of total area. The population of Highfields in 2011 was 8,011 people. By 2016 the population was 8,114 showing a population growth of 1.3% in the area during that time. The predominant age group in Highfields is 10-19 years. Households in Highfields are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Highfields work in a professional occupation. In 2011, 83.2% of the homes in Highfields were owner-occupied compared with 80.8% in 2016.

Highfields has 4,105 properties. Over the last 5 years, Houses in Highfields have seen a 70.77% increase in median value, while Units have seen a 90.72% increase. As at 31 October 2024:

  • The median value for Houses in Highfields is $920,377 while the median value for Units is $572,314.
  • Houses have a median rent of $650 while Units have a median rent of $350.
There are currently 43 properties listed for sale, and 6 properties listed for rent in Highfields on OnTheHouse. According to CoreLogic's data, 282 properties were sold in the past 12 months in Highfields.

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