76 Jellicoe Street
North Toowoomba, QLD 4350

This substantial and thoughtfully updated residence offers a rare combination of scale, infrastructure, and established investment potential, set on a large 1,079 square meter allotment in North Toowoomba. Originally built in the early 1970s, the property has been recently updated to provide a versatile and functional living environment that blends retro architectural character with modern amenities and lifestyle features.

The home features eight bedrooms, each equipped with air-conditioning and built-in robes, with three rooms also including custom-fitted desks, making it ideal for multi-user accommodation or investment purposes. The two large bathrooms are designed for multi-user functionality, featuring dual vanities, private toilet configurations, and separate bath and shower zones. Additionally, there are three toilets to support the accommodation setup.

Inside, polished timber floors and updated interior tones create a welcoming and stylish atmosphere. The central dining area connects seamlessly with the kitchen, elevated entertaining deck, and living spaces, promoting excellent flow and practicality. The kitchen is well-appointed with ample preparation space, a dishwasher, a chef's oven, commercial-grade extraction, and excellent storage options. A cleverly designed utility and laundry zone further enhances the home's practicality, supporting the shared accommodation arrangement.

The property includes a large activated under-home area accessible via an internal staircase, providing extensive flexibility for storage, utility, and communal spaces. The tandem garage offers approximately 20.5 meters of depth and accommodates multiple vehicles comfortably.

Outdoor living is a major feature, with a generous south-west facing covered deck framed by bifold timber doors, offering lovely treed outlooks over the pool and grounds below. The large in-ground pool serves as a lifestyle centerpiece, complemented by surrounding paved areas, lawn space, and glass-style pool fencing that enhances usability and safety. Established hedging and well-maintained gardens contribute to strong street appeal, while updated exterior tones complement the home's retro-inspired brick character. The grounds are fully fenced for privacy and security.

Extensive solar infrastructure is installed across the expansive roofline, providing energy efficiency and cost savings. The property faces north to the street, with the upper deck oriented south-east, maximizing natural light and outdoor enjoyment.

Investment-wise, the property operates as an income machine, generating approximately $117,520 per annum through a room-by-room leasing approach, with each room secured under individual tenancy agreements. This represents a gross rental yield of 9.07% per annum based on the asking price. Detailed expense figures are available for review.

Located in North Toowoomba, the property benefits from a growing regional economy with a population of approximately 186,276 as of mid-2025. The area is poised for significant development and infrastructure upgrades, including a new Toowoomba Hospital, sports precinct, and transport projects. Proximity to Brisbane and the Gold Coast, along with premium connectivity options such as fibre-to-the-premises NBN and 5G mobile coverage, add to the property's appeal.

This unique offering combines scale, infrastructure, flexibility, and established investment continuity, making it a compelling opportunity for investors seeking a property beyond the ordinary. Prospective buyers are encouraged to arrange inspections to fully appreciate the extensive features and potential of this remarkable residence.

Additional information includes recent general rates and charges, water infrastructure charges, local government area details, school zoning, and confirmation of no bushfire, flood, or heritage overlays as of March 2026. Photography enhancements may have been applied to images containing grass. Buyers are advised to independently verify all details.