Nest or Invest - Strong Rental Returns & Future Potential
Lochie and Chan present 20 Wyalla Street - a rare opportunity to secure a substantial 1,357m² inner-Toowoomba landholding with dual income potential, equine facilities, and future development upside.
This tightly held pocket, positioned just metres from the Toowoomba Turf Club, and up the road from shopping centre offers a unique blend of lifestyle and investment appeal.
Whether you choose to live in it, lease it, or hold it for long term growth and development, this property gives you the flexibility to do all three.
The Home
A solid, low-set brick residence (circa 1960s) offering a practical and well-kept layout:
- 3 bedrooms
- 2 bathrooms
- Separate lounge
- Eat-in kitchen
- Front sunroom
- Double carport
- Detached tandem garage with feed storage
- Multiple rainwater tanks
- Raised garden beds + garden sheds
The home is comfortable, functional, and ready to move straight into - or continue leasing with minimal maintenance.
The Stables - A Rare Income Stream
A standout feature for both investors and horse owners:
- 8 stables with excellent side access
- Round yard
- Horse wash area
- Ample rainwater storage supporting livestock
Stables in this location typically lease for $45-$55 per week each, generating $360-$440 per week independently of the house.
Total Potential Rent Return
Using current market conditions:
- House: $660/week (periodic tenancy approx. $650/week)
- Stables: $440/week
- Total Potential Income: $1,100/week (subject to market conditions)
Gross Rental Yield at $1.1M Purchase Price
- $1,100/week = $57,200/year - 5.2% gross yield
This dual-income setup delivers a high-performing return rarely available this close to the Toowoomba CBD.
The Land
A 1,357m² block this close to the city centre is exceptionally scarce.
With wide access and excellent usability, the property offers:
- Long-term land value
- Future development potential (STCA)
- Strong appeal for land-bankers and strategic investors
Large inner-city holdings of this scale are increasingly rare in Newtown, offering genuine upside for the future.
Currently Tenanted
- House leased at approx. $650/week on a periodic basis
- Tenants are happy to stay or vacate - flexibility for both investors and owner-occupiers
Location
- Toowoomba Turf Club - metres away
- Park - directly across the road
- Shopping centre - walking distance
- Toowoomba CBD - approx. 3.0 km
- Toowoomba Hospital - approx. 4.0 km
- Public transport - at the door
A prime position with convenience, lifestyle, and strong tenant demand.
Why This Property Stands Out
- Dual-income potential (house + stables)
- Strong rental yield with further upside
- Rare equine facilities in an inner-city location
- Large landholding with development potential
- Flexible for investors, owner-occupiers, and horse enthusiasts
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