SOLD
Sold on 07 Jul 2024 for $630,000

5 Lorrimer Street
Oakey QLD 4401

Bedrooms: 4
Bathrooms: 1
Car spaces: -
Floor area: 140m2
Land area: 4047m2
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Sold By
Sovereign Property Partners Toowoomba
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Property Details for 5 Lorrimer St, Oakey

5 Lorrimer St, Oakey is a 4 bedroom, 1 bathroom House and was built in 1980. The property has a land size of 4047m2 and floor size of 140m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 4 bedroom House sold in Oakey in the last 12 months.

Building Type
House
Year Built
1980
Floor Size
140m2
Land Size
4047m2
Local Government
Toowoomba Regional
Lot/Plan
15/RP24641

Last Listing description (September 2024)

This unique property, comprising two half-acre titles, presents an opportunity for development or a charming family home. Subject to council approvals and a boundary realignment, it holds potential for a premium home and unit site.

Key Features:
Location: Perfectly positioned in a highly desirable area, just a short walk to local schools, Shopping/Medical, Oakey Army Aviation Base and only a 20-minute drive from Charlton Wellcamp Industrial, Wellcamp Airport/Industrial precinct, and the recently reopened New Hope Mine.

Property Details:
4 Bedroom Home: The lovely home has been updated with modern interiors and exteriors. Features include an updated kitchen, bathroom, laundry, new floor coverings, and fresh paint.
Energy Efficiency: Equipped with a solar power system and solar hot water, ensuring lower utility bills.
Outdoor Living: Enjoy the lovely northern front veranda and a rear outdoor entertaining area, perfect for relaxing or hosting gatherings.
Garage and Storage: A substantial 9m x 8m powered garage offers ample space for vehicles and storage. Additionally, the property includes rainwater storage.
Professional Office: Previously approved as a professional home office with sealed concrete parking, providing flexible usage options.
Utilities: Connected to Toowoomba town water and sewerage.

Why Oakey?

Growing Region: Oakey is on the cusp of significant growth and has the Oakey Army Aviation Base and numerous expanding industries in the vicinity.
Affordability: Compared to other similar towns across the Darling Downs, Oakey offers exceptional value.
For savvy investors, developers, or home buyers, this property offers a rare combination of prime location, potential for development, and a beautifully updated home. Act now to secure this exceptional investment!

Inspections by appointment only. Don't miss this fantastic opportunity! Schedule your viewing today.

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Property History for 5 Lorrimer St, Oakey, QLD 4401

A timeline of how this property has performed in the market
Last Sold
$630,000
07 Jul 2024
  • 07 Jul 2024
    Sold for $630,000
  • 13 Jun 2024
    Listed for Sale Reduced to $649,500
  • 10 Feb 2023
    Sold for $545,000
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About Oakey 4401

The size of Oakey is approximately 127 square kilometres. It has 9 parks covering nearly 0.6% of total area. The population of Oakey in 2011 was 4,528 people. By 2016 the population was 4,721 showing a population growth of 4.3% in the area during that time. The predominant age group in Oakey is 10-19 years. Households in Oakey are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Oakey work in a labourer occupation. In 2011, 62.7% of the homes in Oakey were owner-occupied compared with 60.4% in 2016.

Oakey has 2,277 properties. Over the last 5 years, Houses in Oakey have seen a 114.66% increase in median value, while Units have seen a 44.90% increase. As at 31 October 2024:

  • The median value for Houses in Oakey is $448,256 while the median value for Units is $332,923.
  • Houses have a median rent of $400 while Units have a median rent of $300.
There are currently 36 properties listed for sale, and 4 properties listed for rent in Oakey on OnTheHouse. According to CoreLogic's data, 110 properties were sold in the past 12 months in Oakey.

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