OFF MARKET

510/532-544 Ruthven Street
Toowoomba City QLD 4350

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 86m2
Land area: 94m2
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Property Details for 510/532-544 Ruthven St, Toowoomba City

510/532-544 Ruthven St, Toowoomba City is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2007. The property has a land size of 94m2 and floor size of 86m2. While the property is not currently for sale or for rent, it was last sold in May 2023.

Building Type
Unit
Year Built
2007
Floor Size
86m2
Land Size
94m2
Local Government
Toowoomba Regional
Lot/Plan
510/SP115378

Last Listing description (July 2023)

A reliable, 'set and forget' cashflow property investment at approximately 7% gross return could be yours in Toowoomba CBD's proud Central Plaza Apartments ? part of a national serviced apartment management chain.

Proudly featuring:


- A two dwelling layout ("dual-key") offering a generous studio style apartment on one side with full kitchen, separate spacious bedroom, European laundry, external balcony and on the other a classic hotel room fit-out including kitchenette and separate bathroom
- Interconnecting doors between apartments
- Both sides managed currently as short-stay accommodation through the onsite managers with monthly income paid to you regardless of bookings/occupancy levels each side
- Includes one allocated car space under building
- Furniture is rented monthly through the management for fee of $253/month
- Body Corporate levy - approx $1,860/quarter
- Insurance levy - under $400/year
- General Rates - $1061.88 net per half year
- Water Access Charge - $314.59 net per half year plus usage
- On site complex managers - no extra management fees payable
- Current guaranteed rental income of $2,228.04 per month
- The complex also offers use of a gymnasium, heated pool, spa and outdoor BBQ area
- Air-conditioning and ceiling fans to both apartments
- With the required 60 day notice the dual units can be removed from the managed rental pool and used for live-in purposes, or for other private rental management options if desired

Located in the heart of the CBD close to shops, restaurants, bars and other amenities, the complex offers 'inner-city' style living and a range of options for use and/or income.

Property History for 510/532-544 Ruthven St, Toowoomba City, QLD 4350

A timeline of how this property has performed in the market
Last Sold
$385,000
14 May 2023
  • 14 May 2023
    Sold for $385,000
  • 27 Apr 2023
    Listed for Sale $385,000
  • 06 Oct 2005
    Sold for $325,000

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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 69.70% increase in median value, while Units have seen a 42.39% increase. As at 31 July 2024:

  • The median value for Houses in Toowoomba City is $572,970 while the median value for Units is $418,284.
  • Houses have a median rent of $490 while Units have a median rent of $350.
There are currently 25 properties listed for sale, and 113 properties listed for rent in Toowoomba city on OnTheHouse. According to CoreLogic's data, 113 properties were sold in the past 12 months in Toowoomba city.

Suburb Insights for Toowoomba City 4350

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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.