THE HIGH WEEKLY RENTAL INCOME and easy access to USQ via a park 200 metres away makes this INTELLIGENT INVESTMENT property the 'must-have' of Darling Heights.
INVESTOR SUMMARY:
- Currently yielding 8.3% gross annual rent yield
--- Wow, that's an OUTSTANDING rent return!!!
- Huge 7 bedroom floorplan with 3 bathrooms and 4 car accommodation
--- Long list of improvements far below, completed to make property 'fit-for-purpose'
- Selling fully-furnished
- Each bedroom rented to individual students
- With exactly what students need:
--- Wifi connectivity
--- Fast access to the University via Birch Court Park 200 metres away
--- Peace and privacy for productive study
- Selling with a VALUABLE 'Council Approval Certification for Rooming Accommodation'
- Income: Currently earning $870.00 per week, equating to $45,240.00 current year
--- Bedroom 1 with ENSUITE earns $150 per week each
--- Bedrooms 2-7 earn $120 per week
--- ADD more income when you lease the FULLY SELF-CONTAINED rear shed with THIRD BATHROOM and kitchenette
- Essential information.
--- General Rates $2,364.20
--- Water Rates $1,469.58
--- Electricity $3,965.18
--- Gas $488.51
--- Internet (Telstra) $1,080.00
--- Wow, that's a cash flow positive real estate investment!!!
INVESTING NEAR USQ IS CLEVER. Why?
--- There's solid demand for rental accommodation near USQ because this University has been ranked Number 1 in Australia for graduate starting salary 3 years in a row (Source: Good Universities Guide, 2020)
FOUR MORE BENEFITS:
- Capital growth on your real estate holding
- Chance to run it as your own business, with income here well exceeding nearby rents
- Capacity to interview potential tenants, selecting those who will uphold your house-rules
- That satisfying feeling of operating a 'sanctuary' where students can soar through their degrees
IDEA: this sprawling 7+ BEDROOM HOME would also be great for a large, combined or multi-generation family.
INSIDE:
- Formal entry via a lovely covered portico
- 7 bedrooms
--- Spacious main bedroom with ensuite
--- 3 additional bedrooms are double room with double beds
--- And rooms 6 and 7 (the original garage) are so spacious too!
- Main bathroom
- Private main toilet
- Large open-plan kitchen with dishwasher
- Casual dining area
- This flows to the casual living room
- Formal lounge room with enchanting wood heater
- Formal dining room with brick feature wall
- Gas heating
- Ceiling Fans
- Laundry
- Very neatly presented, very well maintained
--- See long list of indoor improvements far below
OUTSIDE:
- Rear double shed with single garage door
--- It's FULLY SELF-CONTAINED with THIRD BATHROOM and kitchenette
--- This results in an 8th room to rent out ... SO GET MORE INCOME!!!
- Great! Driveway REPAINTED July 2021
- 660 square metre allotment, measuring 22m wide x 30.2m deep
- Double carport
- Garage door to drive-thru carport
- And that double rear shed with single roller door
- A fantastic undercover entertaining area with built-in BBQ zone
- Attractive landscaping
--- See long list of outdoor improvements far below
WHAT'S NEARBY?
- So close to USQ ... a gorgeous walk through Birch Court Park which is 200 metres away!
- Birch Court Park flows to the spectacular Japanese Gardens
- 500 metres to Darling Heights State Primary School
- 2.1km to UniPlaza convenience shops
- 2.6km to Kmart at Toowoomba Plaza
- 5.1km to Inner-City / Grand Central Shopping Centre
SHOWING an outstanding CASH-FLOW POSITIVE RENT YIELD in the highly-demanded USQ AREA, this property represents INTELLIGENT UNIVERSITY INVESTING.
FOR YOUR CONVENIENCE, we're standing by right now to answer your questions or to arrange your inspection. SEE THIS HIGH-YIELDING USQ AREA PROPERTY NOW!
***HANDY INFO with compliments of Jacqui Walker:
- How's the property market in Darling Heights?
--- Of the 91 Homes listed for sale in Darling Heights between June 2020 - June 2021, 83 were subsequently sold (Source: RP Data)
--- On average, those properties had been held for 12.9 years each (Source: RP Data)
- Real Property Description: Lot 23 on Registered Plan 196786
- Local Government Area: Toowoomba Regional Council
- State School Zone: Darling Heights Primary (P-6, 500m); Harristown High (7-12, 3.4km)
***MAINTENANCE AND IMPROVEMENTS to property since 2008:
- NBN broadband, wifi
- Locks and keys for all doors internal and external (New external locks several times)
- Master Keys for owner and double sets of keys to each room, all internal bedrooms have locks
- Upgrade to electrical wiring to carry more load + more power points
- New cooktop, oven and range hood, fridge (2021), washing machine (2019)
- Fire extinguishers installed next to kitchen stove, outdoor BBQ and shed + fire blankets in kitchen and shed
- Fully up-to-date fire safety, smoke alarms in all bedrooms and throughout house, 6 monthly checks by A1 Fire & Safety
- New light fittings and all led light bulbs
- New roller door to garage carport and new motor for automatic door opener
- New rainwater tank
- New pergola roof and guttering
- New guttering to shed
- New hot water systems
- Repaint internal and external
- New toilets in house
- New screens to some windows and doors (2020)
- New roller blinds in bedrooms and bathrooms
- Security screen to door room 1 porch
- Paving in area between carport and shed
- Path to room 1 at back of house (2015)
- New double carport at front of house
- New concrete driveway to lockable carport (2020)
- TV points to bedrooms (1,2, 6 & 7)
- New sarking to roof ($11,000), roof completely removed, relined with new sarking then tiles replaced and cleaned before new tank and guttering installed
- All new curtains except lounge room
- New BBQ into outdoor bench under pergola
- Repaint of concrete driveway (2021)
- New taps to bathroom vanities and new shower hoses and sprayers in all 3 showers
- New gardens in back yard
***DISCLAIMER: All care taken, however you are encouraged to independently verify all figures, measurements and indications.
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