OFF MARKET

73 Taylor Street
Newtown QLD 4350

Bedrooms: 6
Bathrooms: 6
Car spaces: 6
Land area: 1338m2
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Property Details for 73 Taylor St, Newtown

73 Taylor St, Newtown is a 6 bedroom, 6 bathroom Unit with 6 parking spaces and was built in 1960. The property has a land size of 1338m2. While the property is not currently for sale or for rent, it was last sold in April 2021.

Building Type
Unit
Year Built
1960
Land Size
1338m2
Local Government
Toowoomba Regional
Lot/Plan
1/RP50025

Last Listing description (July 2021)

- Character Style complex of 6 units, each featuring:-
- Large bedroom
- Separate office/study (except unit 1)

- Spacious lounge room
- Kitchen with electric cooking appliances
- Bathroom hosts shower over bath and toilet
- Internal laundry
- VJ walls, high ceilings & timber look flooring
- Single allocated carpark under carport
- Returning $1,165 per week

This is your chance to acquire an investment opportunity like no other with this rejuvenated character style unit complex. Located in the always popular suburb of Newtown, 73 Taylor Street is in a great convenient position, with St Ursula's College across the road and within walking distance to Newtown Bowls club, Newtown Park and the city centre.

The property is currently divided into six individual units and is returning $1,165 per week. These units are ever popular with tenants due to the convenient location and is a high growth investment for the astute investor.

Each unit features one large bedroom, separate good sized lounge room, kitchen equipped with electric cooktop and oven, neat & tidy bathroom with shower over bath and toilet plus an internal laundry with single wash basin. For extra space each unit, except Unit 1, features a separate study/office. The units boast gorgeous character charm including high ceilings, VJ walls and timber look flooring, and there are security screen doors to each unit for your added peace of mind.

Externally there is a single carport for each unit plus a communal grass area. The property is fenced on 3 sides and provide easy access to the units from Taylor Street.

Investors - the unit complex is currently returning at $1,165 a week through our RE/MAX Success Property Management Department. A fantastic 6.68% return.

Leases that are currently in place:
* Unit 1 - $200 per week until November 2021
* Unit 2 - $180 per week until February 2022
* Unit 3 - $210 per week until September 2021
* Unit 4 - $200 per week until August 2021
* Unit 5 - $190 per week until February 2022
* Unit 6 - $185 per week until May 2021


The possibilities are endless here! All inspections are by appointment only, for your convenience the Daniel Burrett Team is available 7 days a week to arrange your private viewing.

General rates: currently $3,698.10 net per half year
Water rates: currently $304.59 net per half year plus consumption

Primary school state catchment: Toowoomba North State School
High school state catchment: Harristown State High School

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Property History for 73 Taylor St, Newtown, QLD 4350

A timeline of how this property has performed in the market
Last Sold
$868,000
22 Apr 2021
Listed for Rent
$175/w
03 Apr 2015
  • 22 Apr 2021
    Sold for $868,000
  • 01 Feb 2021
    Listed for Sale UNDER CONTRACT
  • 03 Jul 2020
    Listed for Rent $190 / 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 5,379 properties. Over the last 5 years, Houses in Newtown have seen a 87.46% increase in median value, while Units have seen a 86.42% increase. As at 30 September 2024:

  • The median value for Houses in Newtown is $558,003 while the median value for Units is $418,976.
  • Houses have a median rent of $470 while Units have a median rent of $380.
There are currently 32 properties listed for sale, and 13 properties listed for rent in Newtown on OnTheHouse. According to CoreLogic's data, 313 properties were sold in the past 12 months in Newtown.

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