1 Potter Street, South Toowoomba QLD 4350

Blue-chip location | dual living income potential | no flood or bushfire risk | dated cottage needs capital judgment | pool and sauna add lifestyle value not resale delta This property demands a decision on whether the buyers premium is in the land and location or the improvements. The circa-1900 cottage and studio create two income streams, but the timber workers cottage likely needs structural and weatherproofing capital that will dilute short-term cash-on-cash returns. The pool and sauna do not command resale premium in this corridor; they shrink the buyer pool to those who will maintain them. The judgment is hold as a dual-income land bank or live-in with studio rental to offset holding costs. What is competitively rare here is the fully self-contained studio on a 911sqm block in South Toowoomba near the CBD and shopping. This lets a buyer occupy the main house and let the studio at market rent, effectively subsidising the mortgage by roughly 30–40% based on comparable studio yields in the suburb. The property best serves a buyer whose strategy is medium-term land appreciation with immediate cash flow support, not a flip. The next step is to commission a building and pest inspection on the original cottage specifically, then model two scenarios: live-in with studio income versus fully tenanted dual streams, and run the numbers against the agents price guide before negotiating.