124 Sylvan RoadToowong QLD 4066
Property Details for 124 Sylvan Rd, Toowong
124 Sylvan Rd, Toowong is a 6 bedroom, 3 bathroom Unit with 2 parking spaces. The property has a land size of 486m2. While the property is not currently for sale or for rent, it was last sold in December 2022.
Last Listing description (February 2023)
Strong Yield, Capital Growth & Development Potential
My instructions are clear. This property IS selling.
This property has been in the family for decades and for good reason. Strong yield, capital growth and development upside all await our astute buyer.
124 Sylvan Road comprises of 3 x 2 bedroom units all on 1 title on a 486sqm block in the heart of the inner city suburb of Toowong. All are tenanted into 2023.
The location:
Offers accessibility to the city in just 10 minutes and the Western Freeway via Milton Road
Is a short 1.3km walk from the Toowong train station
Is 300m from Toowong State School
Is close to the University of Queensland, excellent private schools and the Wesley Private Hospital
Is just minutes from the Indooroopilly Westfield and Toowong Village Shopping Centre
The Property:
Comprises of 3x 2 bedroom, 1 bathroom units each with their own porch or balcony
Is of brick veneer construction with a durable colorbond roof
Is a North-East facing 486sqm block with a 13.9m street frontage. Prime Inner City Land.
This property provides the astute investor with numerous options moving forward.
Hold and land bank for capital growth with a $52,000 per annum rental income
Redevelop potential subject to council approval
Renovate for increased rental income
Rental Income (approx): $52,000 per annum
Land Size: 486sqm
BCC Rates (approx): $1,225 per quarter
We will have this property open for inspection just 3 times, from 9:30-10:15am Saturday morning with the forthcoming auction to take place at Ray White Ascot from 5:30pm on Tuesday 13th December.
For a copy of the Information Memorandum or with any questions, please reach out to me at caleb.mayberry@raywhite.com or on 0414 715 101. I look forward to meeting you.
Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.
Due to REIQ legislation a price guide isn't available. The website possibly filtered this property into a price range for functionality purposes. Any estimates are not provided by the agent and should not be taken as a price guide.
Property History for 124 Sylvan Rd, Toowong, QLD 4066
- 13 Dec 2022Sold for $1,011,000
- 19 Nov 2022Listed for Sale Under Contract
- 02 Jun 2016Listed for Rent - Price not available
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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 7,414 properties.
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