SOLD
Sold on 29 Nov 2023 for $415,000

507/38 High Street
Toowong QLD 4066

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 43m2
Land area: 52m2
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Property Details for 507/38 High St, Toowong

507/38 High St, Toowong is a 1 bedroom, 1 bathroom Unit and was built in 2016. The property has a land size of 52m2 and floor size of 43m2. While the property is not currently for sale or for rent, it was last sold in November 2023. There are other 1 bedroom Unit sold in Toowong in the last 12 months.

Building Type
Unit
Year Built
2016
Floor Size
43m2
Land Size
52m2
Local Government
Brisbane
Lot/Plan
507/SP291073

Last Listing description (December 2023)

If you are after a solid investment, this could be the perfect opportunity for the astute investor.

Centrally located right in the heart of Toowong with the shopping centre directly across the road, this executive style apartment makes for a solid investment in a prime location. This location offers unparalled convenience with bus, train and ferry lines all in close proximity with Brisbane CBD and UQ being a mere 10 minute drive away.

Here are the numbers

Rent: $650 per week till August 2024
Body corp rates: approx $1090 per quarter
Council rates: approx $450 per quarter
Water rates: approx $250 per quarter

Situated on the fifth floor is an executive style one-bedroom apartment, featuring an open plan living/dining room and balcony access. Off to the side is a full sized bedroom with built-in robes. The modern kitchen has stone finishes and comes with complete with stainless steel appliances, electric cooktop, oven and dishwasher.
This is in the catchment for Toowong Primary and Indooroopilly High with UQ, BBC and the Queensland Academy just around the corner. Supermarkets, cafes and medical clinics are all on offer at the Village.

507/38 High Street features include
? One bed, one bathroom
? Apartment is on the 5th floor
? Open plan living with balcony access
? Modern kitchen with electric cooktop, stainless steel appliances
? Bathroom combined with toilet & laundry
? Intercom access, ducted air-conditioning
? Onsite pool, gym, BBQ area, function room
? Toowong Village directly across the road
? Train, bus and ferry lines
? Catchment for Toowong Primary & Indooroopilly High
? Close to UQ, Queensland Academy, BBC
? 10 minute drive to Brisbane City

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Property History for 507/38 High St, Toowong, QLD 4066

A timeline of how this property has performed in the market
Last Sold
$415,000
29 Nov 2023
  • 29 Nov 2023
    Sold for $415,000
  • 31 Oct 2023
    Listed for Sale Not Disclosed
  • 29 Apr 2014
    Sold for $385,000

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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 7,377 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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