SOLD
Sold on 29 Jul 2024 for $2,065,000

35 Hill Street
Toowoomba City QLD 4350

Bedrooms: 12
Bathrooms: 8
Car spaces: 8
Land area: 2034m2
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Sovereign Property Partners Toowoomba
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Property Details for 35 Hill St, Toowoomba City

35 Hill St, Toowoomba City is a 12 bedroom, 8 bathroom Unit with 8 parking spaces. The property has a land size of 2034m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 12 bedroom Unit sold in Toowoomba City in the last 12 months.

Building Type
Unit
Land Size
2034m2
Local Government
Toowoomba Regional
Lot/Plan
21/RP16249

Last Listing description (October 2024)

On one title & one level this complex of eight (8) units are very low maintenance. If you are looking for a great return-on-investment this, is it!
In these seemingly endless days of depressing news interest rate hikes, wars, fuel prices, housing crisis & now occasionally just occasionally, very occasionally a little ray of sunshine appears. What we call in real estate, a RARE! nd

This property has served the owner faithfully for years and now it is time to pass the baton.

A brilliant complex of eight (8) ground level units on the fringe of the city fringe Four (4) units have 2 bedrooms, bathroom, & open plan kitchen/dining/living & four (4) units have one (1) bedroom, bathroom, open plan kitchen/dining/living, and all units have built-in carports. All units are generous in size, with good storage and abundant natural lighting. Internally, most units have been updated and in exceptionally well-maintained condition and herein lies the greatest prospect for benet and growth. Think of the complex as a 'blank canvas you can leave 'as is' and just keep collecting the rent, OR when opportunities arise, use your fresh ideas, combined with enthusiasm, to revitalise and rejuvenate what will remain a rarity in this location. Reap the rewards of an ever-increasing population, the resultant higher rents and with long-term capital gain assured. Rarely does a cluster of multi-unit dwellings of this calibre become available just a few minutes' walk to the CBD.

Email kylie@spp.net.au for more information including lease details & council rates.

NOTE: on one title NO Body Corporate Fees
***Please note inspections By appointment ONLY - with tenanted homes, we must give advance, written notice for access and inspections.
Allow at least 48 hours for any inspection requests and respect that this is the tenant's home. Please call to arrange.
Also NOTE: With long term tenants in place, privacy protocols do not allow me to take internal photos without written consent from tenants. The photos showing online are 'actual' external and internal photos, taken 8th July 2024. The units are 'lived-in' and mostly in 'original' condition. The complex is overall, well maintained by both tenants and current owners and in good order for their age.
General rates- $6428.60/half yr Water access infrastructure services fee- $1678.78/half yr
Once all tenancies have been renewed the annual rental income will be $139,360/yr

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Property History for 35 Hill St, Toowoomba City, QLD 4350

A timeline of how this property has performed in the market
Last Sold
$2,065,000
29 Jul 2024
  • 29 Jul 2024
    Sold for $2,065,000
  • 11 Jul 2024
    Listed for Sale Offers Above $2,150,000
  • 31 Jan 2019
    Listed for Rent $200 / week
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About Toowoomba City 4350

The size of Toowoomba City is approximately 2.7 square kilometres. It has 9 parks covering nearly 3.8% of total area. The population of Toowoomba City in 2011 was 2,200 people. By 2016 the population was 2,093 showing a population decline of 4.9% in the area during that time. The predominant age group in Toowoomba City is 20-29 years. Households in Toowoomba City are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Toowoomba City work in a professional occupation. In 2011, 35.7% of the homes in Toowoomba City were owner-occupied compared with 34.4% in 2016.

Toowoomba City has 2,353 properties. Over the last 5 years, Houses in Toowoomba City have seen a 77.11% increase in median value, while Units have seen a 72.57% increase. As at 31 October 2024:

  • The median value for Houses in Toowoomba City is $602,314 while the median value for Units is $461,135.
  • Houses have a median rent of $493 while Units have a median rent of $350.
There are currently 27 properties listed for sale, and 112 properties listed for rent in Toowoomba city on OnTheHouse. According to CoreLogic's data, 111 properties were sold in the past 12 months in Toowoomba city.

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