SOLD
Sold on 14 Jan 2024 for $551,000

1/8 Terrace Street
Toowong QLD 4066

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 104m2
Land area: 110m2
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Property Details for 1/8 Terrace St, Toowong

1/8 Terrace St, Toowong is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1970. The property has a land size of 110m2 and floor size of 104m2. While the property is not currently for sale or for rent, it was last sold in January 2024. There are other 2 bedroom Unit sold in Toowong in the last 12 months.

Building Type
Unit
Year Built
1970
Floor Size
104m2
Land Size
110m2
Local Government
Brisbane
Lot/Plan
1/BUP1332

Last Listing description (February 2024)

Quick Details:
Rates: $474/qtr

Body Corporate: $2,587/annum
Sinking Fund Balance: $37,493
Age: 1970
Number in Building: 6
Investment Information: Vacant. Potential $475/week

Nestled in the heart of Toowong, 1/8 Terrace St presents a first floor opportunity for those seeking a comfortable and practical living space. This two bedroom, one bathroom apartment comes with a tandem garage, offering convenience and functionality.

- First floor apartment
- Two bedrooms, one bathroom
- Tandem garage for two vehicles
- Not renovated, but not original
- Functional and well-maintained
- Convenient location in Toowong

Situated in a sought-after locale, this property enjoys proximity to local amenities, including shopping centres, parks, and public transport. Toowong offers a balanced lifestyle with its vibrant community and ease of access to the city.

Perfect for first-time home buyers looking to enter the property market or parents seeking an investment for their children. This apartment provides a solid foundation for personalization and growth.

In summary, 1/8 Terrace St is a practical and well-positioned residence in Toowong. Ideal for those looking to make their mark on a property, whether as a first home or a strategic investment. Don't miss this opportunity to own a slice of Toowong. Contact us now to arrange a viewing and envision the potential this property holds for you.

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Property History for 1/8 Terrace St, Toowong, QLD 4066

A timeline of how this property has performed in the market
Last Sold
$551,000
14 Jan 2024
Listed for Rent
$450/w
03 Jan 2023
  • 14 Jan 2024
    Sold for $551,000
  • 02 Jan 2024
    Listed for Sale Sold
  • 03 Jan 2023
    Listed for Rent $450 / week
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About Toowong 4066

The size of Toowong is approximately 4.2 square kilometres. It has 18 parks covering nearly 10.4% of total area. The population of Toowong in 2011 was 11,255 people. By 2016 the population was 10,832 showing a population decline of 3.8% in the area during that time. The predominant age group in Toowong is 20-29 years. Households in Toowong are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Toowong work in a professional occupation. In 2011, 42.9% of the homes in Toowong were owner-occupied compared with 44.4% in 2016.

Toowong has 7,377 properties. Over the last 5 years, Houses in Toowong have seen a 71.35% increase in median value, while Units have seen a 80.16% increase. As at 31 October 2024:

  • The median value for Houses in Toowong is $1,584,993 while the median value for Units is $774,068.
  • Houses have a median rent of $650 while Units have a median rent of $620.
There are currently 58 properties listed for sale, and 47 properties listed for rent in Toowong on OnTheHouse. According to CoreLogic's data, 341 properties were sold in the past 12 months in Toowong.

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