1/6 Beer Court

Kearneys Spring QLD 4350

THE PROPERTY:
[:] 3 excellent bedrooms ? all with built-in robes, ceiling fans, new carpets and new window furnishings
[:] Freshly repainted throughout in 2024 as well as brand new vinyl plank flooring throughout the kitchen, living, dining and hallways
[:] New LED downlights throughout the home plus a new ceiling fan installed in the main living room
[:] North facing private outdoor courtyard, which could easily be improved upon if so desired
[:] Single lock up garage with remote roller door ? well-proportioned to comfortably accommodate a larger SUV or ute if desired.
[:] TWO ADDITIONAL carparking spaces allocated to each unit, which means off street parking for up to 3 vehicles!
[:] Low maintenance yard space ? currently turfed but could be removed entirely if desired and planted out with low maintenance gardens (a cost-effective improvement for property investors)
[:] For retirees weighing up options with lifestyle villages ? potential savings right here of $150,000 or more!

THE LOCATION:
[:] Walk to Harvey Norman Centre (160m), Kmart Plaza (450m), and The Ridge shopping precinct (950m)
[:] Excellent green spaces nearby including Lemway Avenue Parklands (170m), Kearneys Spring Historical Park (500m) and Greg Ritchie Oval (500m)
[:] Numerous cafes, pubs and eateries nearby including The Southern Hotel (850m), The Intersection (1.6klm) and The City Golf Club (2.6klm)
[:] An easy commute to the Toowoomba Base Hospital (4.1klm) and the thriving CBD (4.2klm)
[:] Nearby schools include Highlands Christian College(K-12,140m), Middle Ridge State School (P-6,1.4klm), Concordia Lutheran College ? Hume Street Campus (K-6,1.5klm) and Darling Heights State School (P-6, 2.3klm)

FOR THE INVESTOR:
[:] Rent appraised at $475 - $495 per week
[:] Council rates of $1,155.18 nett half yearly
[:] Water rates - access charge - $335.75 nett half yearly (plus consumption)
[:] Management fees of approx. $2,358.07 per annum (based on weekly rent of $485)
[:] Next eligible for rent increase on 19th November 2024 (NOTE: recent changes to QLD legislation restricts rent increases to once every 12 months. Increases are tied to the property and not the tenancy).
[:] This property is already smoke alarm compliant.

SUBURB & REGION PERFORMANCE:
[:] Kearneys Spring has recorded 5 year price change of +46.7% for units (with a 15.2% change for occurring in the past 12 months) source: RP DATA - current as at August 2024.
[:] The Toowoomba region has consistently recorded one of the lowest vacancy rates in Queensland - currently sitting at 0.5%. The last time the vacancy rate was over 1% was in May 2020.
[:] $1.3b new State Hospital now underway due for completion in 2027.
[:] $1.1b in infrastructure projects announced in the 2023-24 budget inc. the initial $13.4m of the $273.1m Toowoomba to Warwick water pipeline project.

Briq Property is proud to present to the market 1/6 Beer Court, Kearneys Spring to the market. To arrange an inspection of this home, please join us at the open house or call Luke on 0413 400 567.

Disclaimer: While every effort has been made to ensure the accuracy of this write-up, Briq Property does not warrant its correctness and is not responsible for any errors or omissions.