1/85 Shelby Street
Glenvale, QLD 4350

This attractive half-duplex unit in Glenvale offers an excellent opportunity combining immediate rental income with future owner-occupier flexibility. The property is currently leased until August 2026, providing secure income for investors, while future owners can plan to move in once the lease expires.

Designed with a premium feel and spacious layout, this unit is well suited for investors and owner-occupiers alike. The lease is in place until August 2026, with the last rent increase scheduled for August 2025. The current rent is $410 per week, representing a gross rental yield of approximately 3.05% per annum based on the asking price. Market rental estimates suggest a potential increase to $550 per week, which would improve the gross yield to around 4.09% per annum.

One of the key benefits of this half-duplex is the absence of body corporate fees, with owners only sharing building insurance costs with the adjoining owner. Outgoings such as rates and water charges are detailed separately.

Inside, the property features a side-entry design that maximizes privacy. The open-plan living and dining area is spacious and filled with natural light, enhanced by reverse-cycle air conditioning for year-round comfort. The kitchen overlooks the living space and includes a breakfast bar, dishwasher, gas cooktop, and ample storage, creating a strong connection to family life.

The master bedroom is positioned away from the other bedrooms and includes reverse-cycle air conditioning, a walk-in robe, and an ensuite bathroom. There are two additional bedrooms, each with built-in robes. The family bathroom includes a bathtub, separate shower, and vanity, with a separate main toilet for convenience.

Additional features include an internal automatic single garage with a laundry zone at the rear, providing easy access and functionality.

Outside, the covered outdoor entertaining area flows seamlessly from the living zone, complemented by a private lawn, established garden, and useful side yard space. The fenced backyard offers room for a small pet or a low-maintenance garden, ideal for relaxing outdoors. The property appeals to those seeking an easy lock-and-leave lifestyle.

The location in Glenvale is convenient and well-positioned within the Toowoomba region, which has a population of approximately 186,276 as of June 2025. The area benefits from significant economic growth, infrastructure upgrades including a new hospital, sports precinct, and transport links. Toowoomba is also set to play a key role in the Brisbane 2032 Olympic and Paralympic Games with upcoming transformations to local facilities.

This property represents a unique opportunity to secure income from day one with lease security until August 2026, combined with the flexibility for future owner-occupiers. It is recommended to independently verify all details and measurements.

Additional information includes digitally enhanced images for presentation, a north-facing side-entry aspect, and a west-facing garage and driveway. There is no body corporate, with owners sharing building insurance costs and managing their own yard care. Recent general rates are approximately $1,291.57 net per half-year, with water infrastructure charges around $377.41 net per half-year plus consumption. The property is located within the Toowoomba Regional Council local government area and is described as Lot 1 on Survey Plan SP302765. There are no bushfire, flood, or heritage overlays affecting the property as of March 2026. Mobile phone coverage is 5G, and the property has access to high-quality NBN fibre-to-the-premises internet connectivity.