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Sold on 21 Aug 2024 for $751,000

2/200 Mackenzie Street
Rangeville QLD 4350

Bedrooms: 5
Bathrooms: 2
Car spaces: 3
Land area: 627m2
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Success Realty (QLD) - Toowoomba
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Property Details for 2/200 Mackenzie St, Rangeville

2/200 Mackenzie St, Rangeville is a 5 bedroom, 2 bathroom Unit with 3 parking spaces. The property has a land size of 627m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 5 bedroom Unit sold in Rangeville in the last 12 months.

Building Type
Unit
Land Size
627m2
Local Government
Toowoomba Regional

Last Listing description (September 2024)

200 Mackenzie Street is a prime opportunity for those looking to capitalise on taking advantage of Toowoomba's tight vacancy rate by purchasing a duplex with no Body Corporate Fees. This incredible residential investment represents a rare opportunity to acquire a tenanted property in a high-growth suburb, secure income stream, with the potential of creating equity.

Why This is a Outstanding Investment:

* Fully Leased : With tenants in both units, you benefit from a secure and consistent income stream

* Strategic Suburb: A vibrant suburb with high demand, ensuring strong tenant retention and future rental potential
* Potential to enclose unit 2 garage to offer 3 bedrooms

About the Property:

This 1985 built duplex features two separate units, a three bedroom with converted garage to a rumpus room and a two bedroom unit.

Unit One:
Currently tenanted until July 2025 at $420/week
3 bedrooms plus rumpus
Open plan kitchen with gas cooktop
New paint and carpet was installed approx 4 years ago
Kitchen improved in last 10+ years
Original bathroom
Carport

Unit Two:
Currently tenanted until October 2025 at $350/week
2 bedrooms
Original kitchen and bathroom
Open plan kitchen gas cooktop
Single Lock up garage and carport

Prominently positioned within a short drive to St Vincent's Hospital, CBD and the Range Shopping Centre, this duplex will always be high rental demand due to its convenient location.

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Property History for 2/200 Mackenzie St, Rangeville, QLD 4350

A timeline of how this property has performed in the market
Last Sold
$751,000
21 Aug 2024
Listed for Rent
$350/w
06 Oct 2023
  • 21 Aug 2024
    Sold for $751,000
  • 14 Aug 2024
    Listed for Sale Not Disclosed
  • 07 Sep 2023
    Listed for Rent $350 / week
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About Rangeville 4350

The size of Rangeville is approximately 8.2 square kilometres. It has 25 parks covering nearly 18.3% of total area. The population of Rangeville in 2011 was 8,216 people. By 2016 the population was 8,313 showing a population growth of 1.2% in the area during that time. The predominant age group in Rangeville is 40-49 years. Households in Rangeville are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Rangeville work in a professional occupation. In 2011, 72.6% of the homes in Rangeville were owner-occupied compared with 71.8% in 2016.

Rangeville has 4,122 properties. Over the last 5 years, Houses in Rangeville have seen a 71.71% increase in median value, while Units have seen a 85.99% increase. As at 31 October 2024:

  • The median value for Houses in Rangeville is $822,264 while the median value for Units is $562,052.
  • Houses have a median rent of $580 while Units have a median rent of $420.
There are currently 24 properties listed for sale, and 8 properties listed for rent in Rangeville on OnTheHouse. According to CoreLogic's data, 194 properties were sold in the past 12 months in Rangeville.

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