2/161 Wallace St, Warwick is a 2 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 1416m2.
Are you looking for a solid investment opportunity? With long term Tenants in place. This 2 x 2 bedroom unit is ideally located on a 1416 sqm allotment close to the Hospital, Tafe and new Aged Care Facility. Each unit has its own unique floor plan with plenty of kitchen cupboards, open plan living with reverse cycle air conditioners, bathroom with shower, toilet and separate laundry with access to the rear courtyard.
A feature to this property is its prominent position to the main highway and the allotment size which may allow for future development (subject to council approval). Currently the units are tenanted under management with a gross return of $390.00 per Week with tenants being in place for 3 and 4 years respectively.
If this presents to you as an opportunity then we would strongly recommend an inspection and invite you to contact us. We're Happy to Help.
The size of Warwick is approximately 25.9 square kilometres. It has 19 parks covering nearly 7.8% of total area. The population of Warwick in 2016 was 12222 people. By 2021 the population was 12294 showing a population growth of 0.6% in the area during that time. The predominant age group in Warwick is 60-69 years. Households in Warwick are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Warwick work in a labourer occupation.In 2021, 60.50% of the homes in Warwick were owner-occupied compared with 58.30% in 2016.
Warwick has 6,831 properties. Over the last 5 years, Houses in Warwick have seen a 138.05% increase in median value, while Units have seen a 117.66% increase. As at 31 March 2026:
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