**OPPORTUNITY TO PURCHASE the rear neighbouring property at 18 McDowall Street, Newtown providing dual street frontage options.**
This isn't the polished, move-in-ready home that everybody is chasing - and that's exactly where the opportunity lies. With news on the budget now released, the BEST opportunity sits with the owner occupier renovate, add value and reap the rewards of your hard work through tax-free capital gains.
483 Tor Street is the type of property that renovators, tradies and experienced property speculators actively hunt for: a large parcel of land in a proven inner-city location, paired with a home that offers genuine scope to improve, transform or completely reposition over time.
For buyers with vision, this is the chance to secure a foothold in tightly held Newtown and create serious upside through renovation, redevelopment or strategic landholding.
THE PROPERTY:
[:] Positioned on a generous 794sqm allotment within one of Toowoomba's most established inner-west suburbs
[:] Existing residence would benefit from renovation and modernisation, presenting an outstanding opportunity to add value
[:] Well suited to aspiring renovators, tradies, flippers or buyers looking to create equity through improvements
[:] Functional existing floorplan providing a workable foundation for future upgrades or reconfiguration
[:] High ceilings and an open fireplace provide character charm that are always great features in well-renovated homes.
[:] Excellent shed already onsite 9x6m with space to extend or improve shedding.
[:] Expansive backyard space with potential for extensions, entertaining areas or future redevelopment concepts
[:] Strong street frontage and excellent accessibility from Tor Street
[:] Surrounded by a mixture of character homes, renovated residences and evolving developments
[:] Opportunity to capitalise on location rather than overpaying for somebody else's renovation choices
[:] Rare chance to secure a value-add project within close proximity to the Toowoomba CBD
THE LOCATION:
Newtown continues to remain one of Toowoomba's most consistently demanded suburbs due to its convenience, infrastructure and strong long-term owner-occupier appeal:
[:] Approx. 500m to Clifford Gardens Shopping Centre
[:] Approx. 600m to Clifford Park Race Track
[:] Approx. 1kms to Newtown Park and local sporting facilities
[:] Approx. 2.2kms to Grand Central Shopping Centre & Toowoomba CBD
[:] Close proximity to public transport, medical services and local cafés
[:] Convenient access to both public and private schooling options
[:] Easy connectivity to major arterial roads and the Warrego Highway
[:] Located within an established residential pocket that continues to see ongoing renovation and redevelopment activity
FOR INVESTORS & DEVELOPERS:
[:] Zoned Low-Medium Density Residential providing potential scope for multiple dwellings or redevelopment opportunities, subject to council approval
[:] Estimated rental appraisal of $500 $525 per week in current condition
[:] Management Fees of approx. $2,055.30 (excluding letting and advertising expenses) based on current rent of $465 per week.
[:] Next eligible for increase at current lease end date, which ends on 17/01/2027
[:] General council rates of $1,291.57 nett half yearly and water rates of $377.40 nett half yearly, plus consumption.
[:] Excellent opportunity for land banking in a continually developing inner-city location
[:] Existing home could be renovated and retained while exploring future development potential
Properties like this are not about perfection - they're about potential. The buyers who usually win in these situations are the ones prepared to see past the current presentation and recognise the value of location, land and future upside.
Briq Property is proud to present 483 Tor Street, Newtown, to the market. We look forward to welcoming you at an upcoming open home or through a private inspection.
DISCLAIMER:
While every effort has been made to ensure accuracy, Briq Property does not warrant the correctness of the information provided and accepts no liability for errors or omissions.
