North Toowoomba at a glance
3,422
People
$717,500
Median sale
$472/wk
Median rent
3.42%
Suburb gross yield
Median sale from 44 recorded sales (last 12 months) — a Districts calculation.
QLD › North Toowoomba › Mcwaters St
$580,000
Last sold
3 Nov 2025
2
Bedrooms
1
Bathrooms
1
Car spaces
516 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$580,000
3 Nov 2025 · derived via latest_sale
Local land rate: recorded House sales in North Toowoomba (last 5 years) with land size have a median of $996/m² of land (n=118). Districts calculation from recorded sales — not a valuation.
North Toowoomba at a glance
3,422
People
$717,500
Median sale
$472/wk
Median rent
3.42%
Suburb gross yield
Median sale from 44 recorded sales (last 12 months) — a Districts calculation.
Vs North Toowoomba
-19.2%
Median sale
Suburb $717,500
+0.81 pp
Gross yield
Suburb 3.42%
Suburb median $717,500 from 44 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
For more information on this property, visit Queensland Globe.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
QLDPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded. This lot’s own applications are a separate question.
Rental
No advertised rent is recorded. Suburb median rent $472/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded. This lot’s own applications are a separate question. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownNearby development applications are not loaded. This lot’s own applications are a separate question.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
North Toowoomba at a glance
3,422
People
$717,500
Median sale
$472/wk
Median rent
3.42%
Suburb gross yield
Median sale from 44 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by RE/MAX Success Toowoomba- Character-rich cottage with polished timber floors and VJ walls
- Two spacious bedrooms, plus a flexible office/ walk-in robe off the main
- Updated eat-in kitchen with wall oven/ grill, electric cooktop and great storage
- Separate open plan living/dining room
- Two-way bathroom with shower-over-bath, toilet and vanity
- Recently replaced roof for peace of mind
- External laundry, rainwater tank and single carport
- Fully fenced backyard with room to extend, build a shed or entertain
- 516m² block in quiet residential street with great local amenity
- Currently rented at $420/week until 27 November 2025 - tenants vacating at end of lease
- Rent appraised at $440 per week
- Walking distance to Northpoint Shopping Centre, parks, schools and CBD
Tucked away in a quiet North Toowoomba street, 3 McWaters Street is a charming character home with serious potential. Whether you're looking for your next renovation project, a home to expand and make your own, or a proven investment in a prime location - this cottage ticks the boxes.
Behind its cottage façade lies a floorplan that offers more than meets the eye. Polished timber floors and VJ walls run throughout, lending warmth and character to the home, while a newly installed roof gives you peace of mind and a solid starting point for future updates.
There are two well-proportioned bedrooms, including a main bedroom with a surprise bonus - a versatile adjoining room that could serve as a walk-in robe, home office or nursery. This leads into the neat two-way bathroom, complete with shower over bath, vanity and toilet.
The eat-in kitchen has been updated for modern functionality, with a wall oven/grill, electric cooktop, two-bowl sink and excellent cupboard and bench space. It's ideally located beside a dedicated dining room, and there's obvious scope to reconfigure into an open-plan design, or even expand toward the backyard.
Outside, you'll find a spacious fully fenced yard offering a blank canvas for future improvements. Add a deck, build an extension, create a private entertaining space or simply enjoy the wide-open space - the choice is yours. A single carport, external laundry, rainwater tank and plenty of yard access complete the offering.
The current tenants are set to vacate at the end of the lease, giving you the flexibility to move in, renovate, or re-lease. For investors, our property management team has recently appraised the home at $440 per week, subject to market conditions - offering a potential uplift in future rental income.
Situated just minutes to Northpoint Shopping Centre, parklands, schools, cafes, and the city centre, this location blends quiet suburban living with everyday convenience.
Whether you're dreaming of your first home, a savvy addition to your portfolio, or a charming cottage to renovate and extend - 3 Mcwaters Street offers the foundation to make it happen.
General rates: currently $1,341.01 gross per half year
Water rates: currently $334.95 net per half year plus consumption
Primary school state catchment: Harlaxton State School
High school state catchment: Toowoomba State High School
Listing description written by James O'Donohue, RE/MAX Success Toowoomba — reproduced as published, not verified by Districts.