OFF MARKET

7 Norman Street S
South Toowoomba QLD 4350

Bedrooms: 13
Bathrooms: 6
Car spaces: 12
Land area: 518m2
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Property Details for 7 Norman St S, South Toowoomba

7 Norman St S, South Toowoomba is a 13 bedroom, 6 bathroom Unit with 12 parking spaces. The property has a land size of 518m2. While the property is not currently for sale or for rent, it was last transferred in May 1990.

Building Type
Unit
Land Size
518m2
Local Government
Toowoomba Regional
Lot/Plan
1/BUP10817

Last Listing description (December 2023)

It's time to secure yourself a prosperous future with this outstanding investment opportunity. Positioned in a high demand area, this complex of 6 units cater to a variety of tenants and are currently fully occupied.

At A Glance:
- 5 x two bed, one bath, one garage unit with an extra parking space

- 1 x three bed, one bath, one garage unit with an extra parking space
- Unit 6 offers a large fenced backyard with 2 gardens sheds and side access.
- Solid and content tenant portfolio, with zero vacancy
- Central South Toowoomba location, close to many popular amenities
- Low maintenance investment
- Situated on a 1,515m???? block
- Quiet Location

Current Leases:
- Unit 1 is currently rented at $300 per week until 30/07/2022
- Unit 2 is currently rented at $290 per week until 08/08/2022
- Unit 3 is currently rented at $300 per week until 30/05/2022
- Unit 4 is currently rented at $290 per week until 07/10/2022
- Unit 5 is currently rented at $250 per week until 07/06/2022
- Unit 6 is currently rented at $280 per week until 23/06/2022

Each unit is strata-titled, however, one owner here so ZERO body corporate fees.

Within just minutes from Toowoomba CBD, Grand Central Shopping Centre, local restaurants, cafes and supermarkets, and multiple primary and high schools.

Don't hesitate or you might just miss the investment opportunity of the year!

** Please enquire about the floorplans for Unit 3-6

General rates: currently approx. $1,059.14 net per half year per unit
Water rates: currently $314.95 net per half year plus consumption per unit

Zoning: Residential Conservation (Toowoomba)

Primary school state catchment: Toowoomba East State School
High school state catchment: Centenary Heights State High School

Disclaimer: All information provided has been obtained from sources we believe to be accurate. However, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions. (Including but not limited to a property's land size, floor plans and size, building age and condition) Interested parties should make their own inquiries and obtain their own legal advice.

Property History for 7 Norman St S, South Toowoomba, QLD 4350

A timeline of how this property has performed in the market
Last Transferred
$41,167
30 May 1990
  • 26 Jul 2023
    Listed for Sale Not Disclosed
  • 27 Sep 2021
    Listed for Sale Not Disclosed
  • 30 May 1990
    Transferred for $41,167

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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 3,193 properties. Over the last 5 years, Houses in South Toowoomba have seen a 79.41% increase in median value, while Units have seen a 92.39% increase. As at 31 October 2024:

  • The median value for Houses in South Toowoomba is $603,995 while the median value for Units is $493,289.
  • Houses have a median rent of $470 while Units have a median rent of $420.
There are currently 27 properties listed for sale, and 13 properties listed for rent in South toowoomba on OnTheHouse. According to CoreLogic's data, 144 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.