1/6 Beer Court, Kearneys Spring, Qld 4350

This one is screaming out to all First Home Buyers, Downsizers and Retirees – a highly prized location so close to KMART Plaza, The Harvey Norman Centre and The Ridge Shopping precinct, buyers should be quick to see the value in this half-duplex…

With only a shared insurance policy, the lucky buyer of this home can find comfort knowing that they’ll keep $$$ in their pockets thanks to NO BODY CORP FEES!

Recently refurbished, the unit has been an outstanding rental investment for the current owner, but it’s now time to pass the baton onto the next home owner.

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.