SOLD
Sold on 15 Nov 2023 for $305,000

1/22 Wallace Street
Newtown QLD 4350

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 71m2
Land area: 86m2
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Property Details for 1/22 Wallace St, Newtown

1/22 Wallace St, Newtown is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1983. The property has a land size of 86m2 and floor size of 71m2. While the property is not currently for sale or for rent, it was last sold in November 2023. There are other 2 bedroom Unit sold in Newtown in the last 12 months.

Building Type
Unit
Year Built
1983
Floor Size
71m2
Land Size
86m2
Local Government
Toowoomba Regional
Lot/Plan
1/BUP5892

Last Listing description (January 2024)

FEATURING A BONUS SUNROOM and a lovely PRIVATE Courtyard - just a short 1km stroll to the stunning Laurel Bank PARK - this 2 Bedroom AFFORDABLE Unit with is presented by Harsha Kumarasinghe for The Jacqui Walker Sells Team.

INVESTOR QUICK-FACTS:

- Currently earning $245.00 per week
- Current gross rent return of 4.31% p.a.
- Rates and Water outgoings are provided far below

THIS IS A FANTASTIC entry-level property. Why?

::: Small complex of 5 Units

::: Set and forget for the Investor ... headache-free! And you want that.

::: Or the first-time Buyer, here's your affordable way to transition away from the rental market, staying under 2km to 2 major shopping centres, with NO MOWING!

DEEP-DIVE:

- Open plan living / dining / kitchen
::: Reverse-cycle air conditioning for year-round comfort

- Separate light and airy SUNROOM
::: The perfect spot for that morning cuppa

- Original but very clean and tidy kitchen with updated features

- 2 carpeted Queen-size bedrooms
::: With built-in robes and ceiling fans

- Updated bathroom with large walk-in shower and vanity
::: Separate toilet

- Large laundry with direct access to the courtyard

- Automatic single lock garage with internal access

- Fully-fenced courtyard

- And more peace-of-mind with security screens throughout

IN A SOUGHT-AFTER pocket within Newtown, let's see WHAT'S NEARBY:

- 300m to Newtown State Primary School
- 650m to St Ursula's College
- 950m walk to The Glennie School
- 1km stroll to Laurel Bank Park
- 1.6km to Clifford Gardens Shopping Centre
- 1.8km to Toowoomba CBD and Grand Central
- 2.1km to Clifford Park Racecourse
- 2.8km to Toowoomba Hospital
- 3.6km to Harristown State High School

OFFERING YOU a convenient location and comfortable surrounds - this one MUST BE SEEN!

FOR YOUR CONVENIENCE, The Jacqui Walker Sells Team is standing by right now to answer your questions. Feel free to text, call or message us night and day. SEE NOW!

***USEFUL INFO courtesy of The Jacqui Walker Sells Team:

- Recent General Rates and Charges: $1,190.00 gross 1/2 yr
- Recent Water Infrastructure Charge: $314.60 net 1/2 yr + consumption
- Local Government Area: Toowoomba Regional Council

- Body Corp: $500 net per quarter

- State School Zone: Newtown State Primary, P-6; Harristown State High, 7-12

- Disclaimer: All care taken, however you are encouraged to independently verify all figures, measurements and indications.

Property History for 1/22 Wallace St, Newtown, QLD 4350

A timeline of how this property has performed in the market
Last Sold
$305,000
15 Nov 2023
Listed for Rent
$260/w
08 Apr 2014
  • 15 Nov 2023
    Sold for $305,000
  • 22 Sep 2023
    Listed for Sale $295,000
  • 06 May 2022
    Sold for $230,000
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About Newtown 4350

The size of Newtown is approximately 5.5 square kilometres. It has 15 parks covering nearly 15.4% of total area. The population of Newtown in 2011 was 9,564 people. By 2016 the population was 9,587 showing a population growth of 0.2% in the area during that time. The predominant age group in Newtown is 20-29 years. Households in Newtown are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Newtown work in a trades occupation. In 2011, 55.1% of the homes in Newtown were owner-occupied compared with 52.3% in 2016.

Newtown has 5,381 properties. Over the last 5 years, Houses in Newtown have seen a 84.02% increase in median value, while Units have seen a 82.65% increase. As at 31 August 2024:

  • The median value for Houses in Newtown is $544,313 while the median value for Units is $402,898.
  • Houses have a median rent of $470 while Units have a median rent of $390.
There are currently 20 properties listed for sale, and 19 properties listed for rent in Newtown on OnTheHouse. According to CoreLogic's data, 311 properties were sold in the past 12 months in Newtown.

Suburb Insights for Newtown 4350

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Chan De Silva
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Jacqui Walker
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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.