OFF MARKET

247 Taylor Street
Wilsonton QLD 4350

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 182m2
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Property Details for 247 Taylor St, Wilsonton

247 Taylor St, Wilsonton is a 4 bedroom, 2 bathroom Unit with 2 parking spaces. The property has a land size of 182m2.

Building Type
Unit
Land Size
182m2
Local Government
Toowoomba Regional
Lot/Plan
1/BUP11041

Last Listing description (May 2022)

Few and far between are opportunities like this for investors - a strata titled duplex on 794sqm of land, positioned directly across the road from a shopping precinct makes it incredibly attractive for tenants in this hotly contested property market.

An early 1980's brick design, each unit boasts, 2 bedrooms, 1 bathroom and a single lock up garage together with a generous kitchen / living / dining space. Each units is truly in exceptional condition, with the tenant of unit 1 residing at the property for almost 30 years! Unit 2 has enjoyed some recent improvements in the last 12 months, including a repaint, new floor coverings and and air conditioner installed.

As it sits currently, all outdoor space is communal, but this could easily converted to provide exclusive use for tenancies which would generate an additional uplift in the rental value.

Speaking of, both units are currently leased for below market value due to long, ongoing relationships between the tenants and existing owner.

UNIT 1:
- Long term tenant residing for nearly 30 years
- Periodic lease at $210 per week
- Market value is easily $250 - $260 per week!

UNIT 2:
- Mature age tenant
- Fixed term lease at $250 per week until August 2022
- Market value is easily $270 - $280 per week!

With some additional, minor cosmetic upgrades to each unit, there is scope to push each of these rents toward $300 per week.

Here's the other 'need to know' stuff:
- General Rates: $1,036.08 nett half yearly, per unit
- Water Rates: $ 314.95 nett half yearly, per unit

Harcourts Toowoomba is proud to present 247 Taylor Street, Wilsonton to the market. Inspections by appointment only and notice periods apply due to existing tenancies in place.

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Property History for 247 Taylor St, Wilsonton, QLD 4350

A timeline of how this property has performed in the market
  • 28 Oct 2021
    Listed for Sale Offers Over $447,000

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About Wilsonton 4350

The size of Wilsonton is approximately 5.3 square kilometres. It has 13 parks covering nearly 7.7% of total area. The population of Wilsonton in 2011 was 5,986 people. By 2016 the population was 5,958 showing a population decline of 0.5% in the area during that time. The predominant age group in Wilsonton is 0-9 years. Households in Wilsonton are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Wilsonton work in a trades occupation. In 2011, 62.3% of the homes in Wilsonton were owner-occupied compared with 59.3% in 2016.

Wilsonton has 3,442 properties. Over the last 5 years, Houses in Wilsonton have seen a 89.61% increase in median value, while Units have seen a 79.03% increase. As at 31 August 2024:

  • The median value for Houses in Wilsonton is $523,750 while the median value for Units is $383,178.
  • Houses have a median rent of $470 while Units have a median rent of $380.
There are currently 16 properties listed for sale, and 12 properties listed for rent in Wilsonton on OnTheHouse. According to CoreLogic's data, 140 properties were sold in the past 12 months in Wilsonton.

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