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Overview
Development Potential on a Massive 1,062m² ( 2 Lots) Block!
Positioned in a tree-lined street within the thriving suburb of Newtown, this unique property offers exceptional potential, occupying a substantial 1,062 square meter allotment with impressive dimensions measuring 25 meters in frontage and 41.9 meters in depth. The lot is zoned Low-Medium Residential and consists of two individual lots, presenting an exciting opportunity for developers, investors, or land bankers to capitalize on a highly sought-after location, subject to council approval.
The existing residence is in solid original condition and includes three bedrooms, a tidy original kitchen and bathroom, and a warm and inviting living area. This home possesses great foundational qualities and character, offering a comfortable lifestyle while considering future development possibilities.
Additional features include a lock-up garage with workshop space, a carport, and ample space to move within the expansive allotment. Currently, the property is leased to a reliable tenant at $450 per week, with tenancy secured until 30 September 2026. This provides immediate rental income, making the property an attractive option for investors looking to hold the property as is or consider future redevelopment options.
Convenience is a key asset of this location with Newtown State School and Newtown Park only a short walking distance away. Clifford Gardens Shopping Centre is a mere two-minute drive, and the newly established billion-dollar Toowoomba Hospital is approximately eight minutes from the doorstep, ensuring access to vital amenities and services within easy reach.
Large parcels of land with flexible zoning such as this are becoming rarer to find, making this an opportunity that should not be missed. Whether seeking a development site, strategic investment, or a property with significant future upside, this offering combines location, size, income, and potential in a highly desirable package.
Key features include:
- 1,062 square meter block spread over two lots (25m frontage x 41.9m depth)
- Zoned as low-medium density residential, offering flexibility for future use
- Solidly constructed home with a strong structural base
- Leased at $450 per week until 30 September 2026, providing secure rental income
- Council rates approximately $1,853.17 net per half year
- Water access fees approximately $397.27 net per half year
This property represents a rare chance to secure a substantial landholding with a well-maintained home in a desirable location, providing both immediate income and exceptional future potential.
Disclaimer: The information provided is considered reliable but is not guaranteed. Prospective purchasers are advised to undertake their own inquiries and satisfy themselves in all respects before purchasing or making any financial decision relating to the property.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Toowoomba QLD 4350
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 80 m² |
Market Insights for Toowoomba QLD 4350
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