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Sold on 10 Jul 2024 for $350,000

8/299 James Street
Newtown QLD 4350

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Property Details for 8/299 James St, Newtown

8/299 James St, Newtown is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. 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 Newtown in the last 12 months.

Building Type
Unit
Local Government
Toowoomba Regional
Lot/Plan
8/BUP102913

Last Listing description (July 2024)

HARSHA KUMARASINGHE for The Jacqui Walker Sells Team presents this SHOPPING CENTRE AREA brick-and-tile lowset INVESTMENT UNIT, one among just eight and set towards the rear of the Complex, selling with LENGTHY LEASE INCOME.

RIGHT NOW YIELDING 4.9% gross rent annually, this immaculately presented Unit is CURRENTLY LEASED for a steady term until March 31, 2025.

INVESTOR FAST-FACTS:

- 2 bedrooms, 1 bathroom, 1 internal garage
- Gross rent return 4.9% p.a.
- Currently earning $330.00 per week
- Leased until March 31, 2025
::: Subject to legislation, at next renewal, consider increasing the rent to $350/wk
- Scroll far down for rates, water, body corp

DEEP-DIVE:

- An INTERNALLY-ACCESSIBLE Single Garage welcomes you home

- Or enter to the spacious carpeted Lounge Room

- Easy flow to the Dining Room

- This points to the Kitchen, with lovely light-filled front outlook
::: Gas stove
::: Cooktop
::: Electric wall oven
::: Rangehood
::: Microwave recess
::: Handy bench / prep space
::: Single-bowl sink

- Bathroom, with shower, vanity and privacy-enhanced strict hosting shower, vanity and toilet

- Gas hot water system and gas point for heating

- Privacy fenced courtyard and grassed area

- Laundry room
::: Appliance space
::: Single wash tub
::: Easy access to rear COURTYARD

- Probably built in the mid 90's
- 83 Sq Mtrs under the roofline, incl. internal Single Garage

WHAT'S NEARBY?

- Wow! 350 metres walk to Clifford Gardens Shopping Centre
- 350m to O'Quinn Street North Park
- 480m to The Glennie School, Vacy Street
- 1.5km to Newtown Primary School
- 1.5km to Harristown High School
- 1.8km to Clifford Park Racecourse
- 2.0km to CBD / Grand Central Shopping Centre

RETURNING 4.9% gross rent yield annually and SELLING WITH THE INCOME OF LENGTHY LEASE, this smart Unit is the most excellent opportunity this close to Clifford Gardens.

HARSHA KUMARASINGHE'S TOP INVESTOR TIP: ' Get this low maintenance, easy-care, set-and-forget investment ... with 4.9% gross annual yield and selling with a lengthy lease, it's secure, steady and well-located! '

FOR YOUR CONVENIENCE, The Jacqui Walker Sells Team is standing by right now to answer your questions or to book your inspection. SEE AND GAIN SECURELY TODAY!

***HELPFUL SPECS courtesy of The Jacqui Walker Sells Team:

- Recent General Rates: $1,103.57 net 1/2 yr approx
- Recent Water Access: $315.29 net 1/2 yr approx + use
- Body Corp: Approx $500.00 per quarter

- Real Property Description: Lot 8 on Building Unit Plan 102913
- Local Government Area: Toowoomba Regional Council

- Internet: Connected to NBN via Fibre-to-the-Node technology, FTTN
- State School Zone: Newtown Primary, P-6; Harristown High, 7-12

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

Property History for 8/299 James St, Newtown, QLD 4350

A timeline of how this property has performed in the market
Last Sold
$350,000
10 Jul 2024
Listed for Rent
24 Feb 2023
  • 18 Jun 2024
    Sold for $350,000
  • 30 May 2024
    Listed for Sale $350,000
  • 18 Feb 2022
    Listed for Rent - Price not available
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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 5,382 properties. Over the last 5 years, Houses in Newtown have seen a 79.71% increase in median value, while Units have seen a 75.27% increase. As at 31 July 2024:

  • The median value for Houses in Newtown is $532,619 while the median value for Units is $386,941.
  • Houses have a median rent of $460 while Units have a median rent of $380.
There are currently 23 properties listed for sale, and 20 properties listed for rent in Newtown on OnTheHouse. According to CoreLogic's data, 312 properties were sold in the past 12 months in Newtown.

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Jacqui Walker
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Harsha Kumarasinghe
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RE/MAX Success
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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.