117 Bridge StreetMount Lofty QLD 4350
Property Details for 117 Bridge St, Mount Lofty
117 Bridge St, Mount Lofty is a 2 bedroom, 1 bathroom House. The property has a land size of 564m2. While the property is not currently for sale or for rent, it was last sold in March 2022.
Last Listing description (March 2015)
Auction @ House Estate Agents Office - Sunday 29 March @ 2pm.
A once in a lifetime opportunity - screams LOCATION. Set in prime north east Toowoomba, this 1012 m2 block offers a 2 bedroom, 1 bathroom cottage & a separate street front shop.
Always wanted to have your own business? Capitalize on the location amongst other Bridge Street boutique shops whilst living in, or renting out this delightful cottage next door.
Alternatively, as an investment opportunity, the existing lease on the house & shop currently has a gross return of $31,860. An excellent investment with future development potential .
This rare opportunity will not be around for long Prior offers encouraged .
Extra information: current tenant's lease of house & shop runs out the end of February 2016 .The tenant has expressed an interest in taking on a 3 plus 3 further lease after the end of Feb.
Outgoings Rates $4978.28 a year Insurances $1592. a year .
Rent is $1,615 a month for the shop .The house is rented for $1,040 a month .
Potential with council approval to divide block .
Property History for 117 Bridge St, Mount Lofty, QLD 4350
- 28 Mar 2022Sold for $1,285,000
- 27 Feb 2015Listed for Sale Price At Auction
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0About Mount Lofty 4350
The size of Mount Lofty is approximately 9.6 square kilometres. It has 8 parks covering nearly 35.5% of total area. The population of Mount Lofty in 2011 was 3,847 people. By 2016 the population was 3,775 showing a population decline of 1.9% in the area during that time. The predominant age group in Mount Lofty is 40-49 years. Households in Mount Lofty are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mount Lofty work in a professional occupation. In 2011, 74.9% of the homes in Mount Lofty were owner-occupied compared with 73% in 2016.
Mount Lofty has 1,826 properties. Over the last 5 years, Houses in Mount Lofty have seen a 80.15% increase in median value, while Units have seen a 86.26% increase. As at 31 October 2024:
- The median value for Houses in Mount Lofty is $884,481 while the median value for Units is $512,523.
- Houses have a median rent of $575 while Units have a median rent of $400.
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