Your Home or Your Investment: Courtyard Living with Short-Term Rental Upside in Toowong

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3/11 Ascog Terrace, Toowong QLD 4066

$750,000-$800,000

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$750k - $788k Transparent Transparent Listing Based on an openly advertised listing price.

Apartment 2 Beds 1 Bath 1 Car

Listed: yesterday

Overview

This renovated apartment in the heart of Toowong offers an exceptional blend of lifestyle convenience and investment opportunity. Its standout feature is the large exclusive-use courtyard, a rare and highly sought-after amenity in apartment living that provides private outdoor space well suited for pet owners, entertaining guests, or simply enjoying fresh air.

The apartment’s interior benefits from upgrades completed post-purchase, presenting a low-maintenance, move-in-ready home ideal for owner-occupiers seeking an inner-west location with easy access to transport and local amenities. With two bedrooms, one bathroom, and a secure carport, it strikes a practical balance between space and functionality.

Investors will appreciate the property’s current long-term lease, secured through an external rental business until July 2027, ensuring immediate rental income. Beyond this, the apartment has potential to join the building’s short-term rental pool, which historically maintains strong occupancy and offers a nightly rate that factors in agency services, repairs, and cleaning. This versatility enables the property to adapt to changing investment strategies.

Toowong itself complements the property’s appeal, combining the vibrancy of inner-west urban life with the tranquility of riverside living. Residents enjoy proximity to the shops, cafes, and dining establishments of Toowong Village, as well as recreational opportunities such as walking tracks, bike paths, and dog-friendly parks along the Brisbane River.

Renovated two-bedroom, one-bath apartment with secure parking
Large private courtyard providing rare outdoor space for an apartment
Ideal for owner-occupiers seeking low-maintenance living near the city
Leased until mid-2027 with an option for short-term rental pool inclusion thereafter
Strong income potential and flexible investment opportunity
Excellent access to public transport, local amenities, and Brisbane CBD

Local Market Insights

In Toowong, Quiet Listings observed 12 new apartments entering the market over the last 30 days, up from 9 during the previous 30-day period, with an average advertised asking price of $1,027,250. The property type mix of listed properties is predominantly Houses at 33%, followed by apartments (31%), and units (18%). The most active agency for apartments in the Toowong area is currently Place, representing 42% of new listings, followed by Plum Property with 25%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

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.