OFF MARKET

5/188 Long Street
South Toowoomba QLD 4350

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 74m2
Land area: 139m2
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Property Details for 5/188 Long St, South Toowoomba

5/188 Long St, South Toowoomba is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2013. The property has a land size of 139m2 and floor size of 74m2. While the property is not currently for sale or for rent, it was last sold in February 2023.

Building Type
Unit
Year Built
2013
Floor Size
74m2
Land Size
139m2
Local Government
Toowoomba Regional
Lot/Plan
5/SP260883

Last Listing description (May 2023)

Positioned in the ever-popular South Toowoomba, handy to various schools and public transport whilst conveniently located just 2 minutes-drive to the Toowoomba CBD and all it has on offer, is the perfect opportunity for the first home buyer, downsizer, or astute investor. This spacious two-bedroom villa offers low maintenance living to both the owner occupier and tenant. Set back from the street in a quiet complex, the villa boasts privacy and a sense of peace and quiet. It has been tastefully built to include quality finishes throughout which will appeal to any discerning buyer.

Internally, the villa features two good sized bedrooms each equipped with built in robes. The kitchen has been well appointed and comes with quality electric cooking appliances, dishwasher, plenty of bench space and cupboard storage. A reverse cycle air conditioner has been positioned in the open plan living area which flows effortlessly onto both the dining area and private covered outdoor alfresco area. The bathroom is of a modern design and features a shower and large vanity. In addition to this there is a designated study nook in the living area. This property can accommodate one vehicle in the single remote lock up garage with additional space for the adjoining laundry area.

Property Features Include:

- Two good sized bedrooms with built ins.
- Modern kitchen with quality appliances.
- Open plan kitchen, dining and living area.
- Reverse cycle air-conditioner in living area.
- Modern bathroom with large vanity and shower.
- Covered outdoor alfresco area with Eastern aspect.
- Water compliant property.
- Low maintenance alfresco area.
- Updated rental appraisal $350 - $360 p/week.

This property is currently tenanted until the 06/05/2023 returning $325 p/week. Offering a sound investment to the savvy investor. The current rental market suggests that the returns could be increased to $350 - $360 p/week base on comparable rental properties that have rented and are currently available for rent in the immediate area.

Whether it be an inexpensive entry point into the property market for the first home buyer or a quick and cheaper way to diversify the investors portfolio, Unit 5/188 Long Street is one not to be missed. Contact Zac Turley today for further information or to arrange your welcomed private inspection.

Please note: Tenanted properties require 24 hours-notice prior to any inspection.

Body Corporate:
Administrative fund: $344.43 per quarter.
Sinking fund: $266.67 per quarter.
Full disclosure statement available upon request.

School Catchment:
Prep to Year 6: Harristown State School
Year 7 to Year 12: Centenary Heights State School

Rates:
General net year: $1,061.88
Water net year: $314.59 + consumption

Property History for 5/188 Long St, South Toowoomba, QLD 4350

A timeline of how this property has performed in the market
Last Sold
$350,000
02 Feb 2023
Listed for Rent
$310/w
10 Feb 2021
  • 02 Feb 2023
    Sold for $350,000
  • 04 Jan 2023
    Listed for Sale Offers Above $349,000
  • 29 Jan 2021
    Listed for Rent $310 / week
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About South Toowoomba 4350

The size of South Toowoomba is approximately 3.7 square kilometres. It has 11 parks covering nearly 20.6% of total area. The population of South Toowoomba in 2011 was 5,224 people. By 2016 the population was 5,237 showing a population growth of 0.2% in the area during that time. The predominant age group in South Toowoomba is 20-29 years. Households in South Toowoomba are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in South Toowoomba work in a professional occupation. In 2011, 54.9% of the homes in South Toowoomba were owner-occupied compared with 51% in 2016.

South Toowoomba has 3,197 properties. Over the last 5 years, Houses in South Toowoomba have seen a 80.68% increase in median value, while Units have seen a 89.75% increase. As at 30 September 2024:

  • The median value for Houses in South Toowoomba is $597,312 while the median value for Units is $476,776.
  • Houses have a median rent of $470 while Units have a median rent of $410.
There are currently 17 properties listed for sale, and 12 properties listed for rent in South toowoomba on OnTheHouse. According to CoreLogic's data, 165 properties were sold in the past 12 months in South toowoomba.

Suburb Insights for South Toowoomba 4350

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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.