SOLD
Sold on 12 Sep 2024 for $587,000

17/60 Sherwood Road
Toowong QLD 4066

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 73m2
Land area: 85m2
Sold By
The Public Trustee of Queensland
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Property Details for 17/60 Sherwood Rd, Toowong

17/60 Sherwood Rd, Toowong is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2000. The property has a land size of 85m2 and floor size of 73m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 2 bedroom Unit sold in Toowong in the last 12 months.

Building Type
Unit
Year Built
2000
Floor Size
73m2
Land Size
85m2
Local Government
Brisbane
Lot/Plan
17/SP118037

Last Listing description (October 2024)

Overlooking a stunning pool area plus outlook to the conveniently positioned Toowong Village shopping/dining precinct you will walk to in the future, this unit needs full makeover but will have its value skyrocket once full kitchen/bathroom are installed.

This beaut residence is an opportunity for a new owner to renovate with their own tastes and style. Encompassing 2 comfortable bedrooms with built-in space master with en-suite, second bathroom, internal laundry nook and open plan kitchen/lounge/ dining with S/S A/C opening to the fantastic, covered deck, this opportunity should not be overlooked.

An assigned garage space with safe remote access, lovely BBQ/pool area to enjoy within the well-maintained "The Village Toowong" community with part-time on-site managers are also included.

Having shops, restaurants, Brisbane Boys College, UQ campus, train station and bus stops on your doorstep along with being in Toowong Primary/Indooroopilly High school catchment and only a few klms to the city, you couldn't find a better location.

This walk-up unit with plenty of visitor parking and reasonable body corporate fees is amongst 40 in the complex and will suit first home owners or investors aiming to resurrect the property and remodel with their own personal flare and features.

Lot: 17 SP: 118037 Brisbane City Council
Rates: $402 qtrly (approx. with no discounts or water charges)
Body Corporate Fees: $1,122 Admin & $132 Sinking Funds (approx. per quarter)
Total Funds Held in Admin/Sinking Fund Trust (as of 9th July, 2024) = Approx. $131,000
Compliant smoke alarms have been installed.

Auction Terms: Cash, Unconditional-5% deposit via EFT/CHQ on auction day-42 day settlement (lesser timeframe can be requested after purchase).

*NO OFFERS CONSIDERED PRIOR TO PUBLIC AUCTION NOR ARE PRICE EXPECTATIONS APPROVED TO BE CONVEYED* As per legislation governed by 2014 Property Occupations Act, we cannot disclose price expectations for sales via public auction in QLD.

**ALL OTHER INSPECTIONS BY APPOINTMENT (B&P may be arranged after first advertised open inspection-have your chosen organisation contact QPT to make appt).**

Property History for 17/60 Sherwood Rd, Toowong, QLD 4066

A timeline of how this property has performed in the market
Last Sold
$587,000
12 Sep 2024
  • 12 Sep 2024
    Sold for $587,000
  • 05 Aug 2024
    Listed for Sale Auction On-Site Thursday 12th September at 12pm
  • 14 Oct 1999
    Sold for $225,000

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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 7,375 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 51 properties listed for sale, and 59 properties listed for rent in Toowong on OnTheHouse. According to CoreLogic's data, 332 properties were sold in the past 12 months in Toowong.

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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.