Toowoomba City at a glance
2,477
People
$776,750
Median sale
$497/wk
Median rent
3.33%
Suburb gross yield
Median sale from 14 recorded sales (last 12 months) — a Districts calculation.
QLD › Toowoomba City › Rens St
For sale
For sale
14
Bedrooms
2
Bathrooms
13
Car spaces
800 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
Asking
No recorded sale price for this property yet.
Toowoomba City at a glance
2,477
People
$776,750
Median sale
$497/wk
Median rent
3.33%
Suburb gross yield
Median sale from 14 recorded sales (last 12 months) — a Districts calculation.
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 $497/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
Toowoomba City at a glance
2,477
People
$776,750
Median sale
$497/wk
Median rent
3.33%
Suburb gross yield
Median sale from 14 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Sovereign Property Partners ToowoombaPresenting to the market, this outstanding opportunity to own a freehold refurbished hostel. A recession proof, secure commercial investment in a blue-chip Toowoomba city location. This highly profitable hostel is designed to minimise costs and maximise profits.
On a generous 800m2 allotment, 3 Rens Street is conveniently located just a couple of minutes' walk to the CBD. The building has recently had extensive renovations completed and provides accommodation for 14 residents. The property is comprised of a low-set Besser block building incorporating – 14 single bedrooms, 2 courtyards, 4 bathrooms, 2 toilets, a laundry room, and a communal kitchen complete with all necessities including crockery, cutlery, pots and pans, microwave, kettle, toaster, and plenty of storage. There are also 2 new sheds, one for resident's bicycles, the other for cleaning supplies and there are 12 designated carparks. A neat complex all behind an electric gate, providing excellent security with 24 hour CCTV of carpark and entry. The secure income stream of established tenancies in this central Toowoomba city location makes this investment an attractive opportunity.
• Very high level of occupancy with long term tenants
• 14 modern refurbished rooms with new furniture and fittings
• The entire property has been rewired, replumbed, repainted, recarpeted, retiled & new ceilings with insulation.
• 4 new bathrooms 2 toilets
• Spacious laundry room
• New well-appointed communal kitchen
• 23 Kw solar system & 3 phase power (minimum power bills)
• Booster on TV signal to all rooms
• New 400 litre electric hot water system
• 800 m2 fully fenced property for privacy and security
• NBN & complex wifi
• Rooms vacuumed weekly & common rooms cleaned twice/wk
• Laundered linen provided to tenants weekly
• Security screens on most windows
• Motion sensor lights throughout property & external security cameras
• Ceiling fans in all rooms
• New fencing/electric gate
• Landscaped for low maintenance
• 2 fruit bearing avocado trees
• 12 car-parks & 1 designated car-wash bay
• Fully compliant Level 1 Accommodation Service
• Asbestos free building
Market Income/yr $174,720.00
Outgoings/year
• Insurance approx. 7000.00
• General council rates 3954.48
• Water access fee 700.64
• Water use 1850.00
• Electricity approx. 2000.00
• Internet 900.00
• Cleaning 10,400.00
Total: $26,805.12
There has never been a better time to purchase a business-like a hostel, with the extensive lack of budget residential accommodation, booming Queensland tourism industry and a fast-growing local population. This business is well positioned for future growth, with low operational costs this property is a 'Cash Cow'!
EXTRAS TO NOTE-
Instead of 14 days remedy to breach with 7 days NTL it has legally been altered to 7 days remedy to breach with 2 days NTL to ensure waiting periods without rent will always be at a minimum should there be any issues with rent payment.
CURRENTLY REGISTERED AS QLD BUDGET ACCOMMODATION LEVEL 1 ACCOMMODATION SERVICE (this means no meals and no disability permitted)
Note: Inspections will be held by appointment only. Please contact me for further information - KYLIE NIELSEN | 0439 997 678 | kylie@spp.net.au
Listing description written by Kylie Nielsen, Sovereign Property Partners Toowoomba — reproduced as published, not verified by Districts.
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