39 Wallace StreetNewtown QLD 4350
Property Details for 39 Wallace St, Newtown
39 Wallace St, Newtown is a 3 bedroom, 3 bathroom Unit with 2 parking spaces. The property has a land size of 678m2. While the property is not currently for sale or for rent, it was last sold in January 2017.
Last Listing description (March 2017)
A clever property choice this set of three flats in the heart of Newtown are a sensible investment. Showing returns at nearly 7.00% just leave them as they are or renovate and reap even higher returns.
All three flats are tenanted with leases in place and a current combined return of $480 per week. One unit has been freshened up with new carpet and paint with the other two in an older condition.
Set on a corner 678m2 allotment just a short walk to all Newtown amenities it is easy to see why this property has good history and strong returns. A good one to add to your rental portfolio.
Property History for 39 Wallace St, Newtown, QLD 4350
- 06 Jan 2017Sold for $325,000
- 29 Nov 2016Listed for Sale Not Disclosed
- 29 Mar 2015Listed for Rent $165 / week
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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 5,366 properties. Over the last 5 years, Houses in Newtown have seen a 90.12% increase in median value, while Units have seen a 97.49% increase. As at 31 October 2024:
- The median value for Houses in Newtown is $566,755 while the median value for Units is $435,631.
- Houses have a median rent of $470 while Units have a median rent of $390.
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