Offers Over $1.1 Million
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172 Jellicoe Street, Newtown QLD 4350

Apartment
844

A Remarkable Quadplex Offering Incredible and Consistent Investment Potential

Unveiling an extraordinary investment opportunity in one of Toowoomba's most coveted suburbs, Newtown, this quadplex is the epitome of long-term stability, superb returns, and exquisite renovations.

Comprising four units, this quadplex is meticulously maintained, offering a high-quality living experience for all occupants.
Each unit is currently occupied by exceptional long-term tenants, ensuring a consistent and reliable income stream.
Every unit in this quadplex has undergone a transformation in the last 6 months, marked by loving attention to detail and thoughtful upgrades.
Units 1 and 2 boast polished floorboards, exuding timeless elegance, while units 3 and 4 feature hybrid flooring, offering a modern and low-maintenance living environment.
The electrics and plumbing throughout the quadplex have been comprehensively upgraded, ensuring the utmost safety and convenience.
Freshly painted interiors provide a clean, crisp canvas for residents to make their own.
Units 3 and 4 are graced with brand new kitchens, equipped with modern appliances including new dishwashers in Units 3 and 4.
All new fans have been installed in all 8 bedrooms
The quadplex has seen a significant exterior facelift, including renovated driveways for an inviting entry.
Exterior fences have been professionally painted to enhance the curb appeal.
New dividing screens have been added between each unit to provide privacy and separation. The courtyards have all received an modern tasteful upgrade
Individual privacy screens on each unit contribute to the serene and private atmosphere.
All new underground plumbing installed from rear of the block allowing better drainage.
Spreaders on the roof added for extra drainage during heavy rain.
Carport in unit 3 rebuilt
Driveways rebuilt, repaired and updated.
The complex has been beautifully adorned with new gardens, creating a tranquil and inviting atmosphere for residents to enjoy.
The extensive renovations and exterior improvements have had a profound impact on the quadplex's income potential.
The property now commands an impressive return of just of just over $1,400 per week (3 units at $350 and one at $360), reflecting the quality and attention to detail invested in its transformation.

This quadplex is now accepting offers. Don't miss your chance to acquire a prime piece of real estate that combines incredible rental potential with unparalleled quality.

Inspections

No open inspections scheduled.

Send an enquiry

Contact Phillip Coorey to learn more about this property, request an inspection or take an online tour.

Key details

Bedrooms:
8
Bathrooms:
4
Garage Spaces:
4
Property type:
Apartment

Other Details

LJ Hooker Toowoomba

Maps and area information

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Property history

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Newtown suburb information

A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
37 years
Population
10,039
Listing ID: 182184012. This listing has been viewed 10 times. It was first displayed on 22/12/2023 and last updated on 29/04/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.