708/21 Patrick Lane, Toowong is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2004. The property has a land size of 83m2 and floor size of 50m2. While the property is not currently for sale or for rent, it was last sold in May 2024.
Averaging $711/week rent over last 5 years Will be sold!
This fully-furnished one bedroom apartment is sure to please with its panoramic river and city view and its tip-top location approximately a five minute walk to bike tracks, the CityCat, the river, the train station, QUT, UQ, the Wesley Hospital and all of Toowong's amenities. The options are yours: keep it in the rental pool and reap the rewards - the numbers absolutely work! Live in it and enjoy the amenities: the pool, gym, secure complex; and the spectacular position. Or do both: live in it and block out times when you are away, to have it rented, hassle-free, by on-site management. This is opportunity knocking. Our interstate investor s instructions are clear: we are selling!
This apartment would also be an excellent investment opportunity. In 2015-2016 financial year, this unit was occupied 363 out of 365 days and grossed a terrific $37,748.
Features:
One bedroom apartment with built-in robes
Excellent views of city and river from living/dining and the North-easterly balcony
Open plan kitchen with stone benchtops, ample cupboards, gas cooktop, oven, dishwasher and microwave
Air conditioned open-plan living/dining
Separate laundry with dryer and washing machine
Two-way bathroom features shower in bath, WC and vanity with stone benchtops
Generous bedroom with double mirrored built-in robes
5 min walk to bike tracks, the CityCat, the river and train station
82 units in the complex.
The size of Toowong is approximately 4.2 square kilometres. There are 18 parks, covering nearly 10.4% of the total area. The population of Toowong in 2016 was 10830 people. By 2021 the population was 12556 showing a population growth of 15.9% in the area during that time. The predominant age group in Toowong is 20-29 years. Households in Toowong are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Toowong work in a professional occupation.In 2021, 43.30% of the homes in Toowong were owner-occupied compared with 44.40% in 2016.
Toowong has 7,868 properties. Over the last 5 years, Houses in Toowong have seen a 66.28% increase in median value, while Units have seen a 112.15% increase. As at 30 April 2026:
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