38 Shelby St, Glenvale is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 535m2.This Property is currently listed for sale with Ray White Toowoomba
Positioned in a quiet and convenient pocket of Glenvale, this spacious and well-maintained home at 38 Shelby Street presents an outstanding opportunity for savvy investors seeking long-term growth.Set on a large 535m2 block with a welcoming east-facing entrance, the home offers 211m under roof and features a well-designed floorplan with multiple living spaces, providing flexibility and comfort for modern living.A standout feature of this property is the quality tenants already in place, with a secure tenancy agreement through to January 2027 and current rental return of $600/week, allowing investors to enjoy immediate rental income and long-term stability.Adding even greater appeal is the property's proximity to the proposed Glenvale Town Centre, which will be within walking distance. This major development is set to enhance local amenities, convenience, and overall desirability of the area, further strengthening the property's future value and investment potential.Key Features: Great size block in a growing Glenvale location East-facing entrance Approximately 211m under roof, featuring multiple living areas with a practical layout Excellent tenants in place until January 2027 Walking distance to the future Glenvale Town Centre development Fantastic set-and-forget investment opportunityWith strong tenancy, generous proportions, and exciting future development nearby, this property represents a smart addition to any investment portfolio.Rates Approximately $1,291.58 per half yearWater Access Rates Approximately $377.41 per half year
The size of Glenvale is approximately 14.6 square kilometres. It has 18 parks covering nearly 11.4% of total area. The population of Glenvale in 2016 was 6353 people. By 2021 the population was 8120 showing a population growth of 27.8% in the area during that time. The predominant age group in Glenvale is 20-29 years. Households in Glenvale are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Glenvale work in a professional occupation.In 2021, 54.00% of the homes in Glenvale were owner-occupied compared with 58.00% in 2016.
Glenvale has 4,189 properties. Over the last 5 years, Houses in Glenvale have seen a 105.86% increase in median value, while Units have seen a 150.96% increase. As at 28 February 2026:
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