509 Milton RoadToowong QLD 4066
Property Details for 509 Milton Rd, Toowong
509 Milton Rd, Toowong is a 1 bedroom, 1 bathroom Unit with 6 parking spaces and was built in 1930. The property has a land size of 1012m2 and floor size of 82m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 1 bedroom Unit sold in Toowong in the last 12 months.
Last Listing description (November 2015)
* ROI 5.8%
* Block of 6 units
* 1012sqm of Land on 3 Titles
* Prime location
* Contact us 24hours 7 days per week
Generating $87,620 per annum in rent this block of 6 units on 3 Titles is for sale. The configuration is 5 x 1bedroom + 1 bathroom and 1 x 2bedrooms + 1bathroom with each having an allocated carport. With outgoings of only $11,477 per year your return is still in excess of 5%.
The opportunity is to complete a minimal refurbishment and review rents for potential increases and improved returns.
On the Auchenflower border these units are in a prime location being so close to the CBD, the cafe precincts of Rosalie, Park & Baroona Rds, walking distance to Suncorp Stadium and public transport at your doorstep. Together with easy and fast access onto the Gold and Sunshine Coasts freeways you can expect high occupancies and premium rentals.
Phone now to inspect for yourself this great opportunity...
Property Code: 1983
Property History for 509 Milton Rd, Toowong, QLD 4066
- 29 Apr 2024Sold for $1,880,000
- 14 Aug 2022Sold for $1,597,500
- 17 Apr 2015Sold for $1,326,000
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0About 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 7,374 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.
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