277a James St, Newtown is a 7 bedroom, 4 bathroom Unit with 4 parking spaces and was built in 1980. The property has a land size of 850m2. While the property is not currently for sale or for rent, it was last sold in June 2021.
This block of 4 brick units represents a wonderful opportunity for the astute investor. The current owners of nearly 20 years are keen for offers on this excellent investment. Recently renovated, there are three x 2 bedroom units each with built ins, their own bathroom and own lock up garage. The Studio unit with its own bathroom has its own separate carport. With a total weekly rent for the four units of $955.00, this represents a fantastic return on investment of 6.0% with scope to add value. A sought after location within walking distance to the Toowoomba Base Hospital and Clifford Gardens Shopping centre and a short drive to Grand Central shopping, these units certainly tick a lot of the boxes for investors. Don't delay and call me today for an inspection (at least 24 hours notice is required for an inspection).
The size of Newtown is approximately 5.5 square kilometres. There are 15 parks, covering nearly 15.4% of the total area. The population of Newtown in 2016 was 9596 people. By 2021 the population was 10039 showing a population growth of 4.6% in the area during that time. The predominant age group in Newtown is 20-29 years. Households in Newtown are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Newtown work in a professional occupation.In 2021, 50.30% of the homes in Newtown were owner-occupied compared with 52.30% in 2016.
Newtown has 5,415 properties. Over the last 5 years, Houses in Newtown have seen a 131.09% increase in median value, while Units have seen a 150.46% increase. As at 31 May 2026:
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