3/58 Gordon Avenue, Newtown QLD 4350
3/58 Gordon Avenue, Newtown QLD 4350
2-bed unit | Newtown infill | $495/wk rent signal | school catchment | low-maintenance buy
This unit sits in a suburb where older houses on large blocks are giving way to compact, modern infill, and that transition works in its favour. As a two-bedroom, one-bathroom configuration, it suits first-home buyers wanting a foothold without yard upkeep, downsizers trading land for convenience, and investors chasing steady rental demand near schools and shopping. The estimated rent of $495 per week against a mid-$700k price point suggests a workable yield for this product type, and the absence of flood, bushfire, or heritage overlays removes the usual discount triggers. Its competitive edge is simplicity: a low-maintenance unit in an established residential pocket with clear catchment access and a street that has already absorbed newer stock, meaning the property is not an outlier in its immediate context.
The value picture may hinge on how the unit compares to newer builds nearby, as modern complexes set a higher benchmark for finishes and layout efficiency. If this unit lacks contemporary updates, its price may need to reflect that gap, while a recent renovation could push it toward the top of its band. The absence of confirmed land area or strata details might also influence buyer perception, as smaller allocations typically cap upside. Rental demand appears steady, but yield growth may be limited if the purchase price climbs beyond what the weekly return supports. Buyers should weigh the unit’s condition against the newer stock it competes with, and consider whether the school catchment and location convenience justify any premium over older, larger units in the area.
|| Comparable Sales: 21 Gordon Ave unit 3 sold 2016-built 2-bed for $495k; 45 Gordon Ave house 3-bed sold 2022 for $610k | Property Price Band: $700k–$800k | Value Drivers: condition relative to newer stock, unit complex quality, rental return strength
Detailed Independent Property Report prepared by PropCred Analyst team for 3/58 Gordon Avenue, Newtown QLD 4350
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
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Market Insight
Newtown is a sought-after inner-city suburb offering walkable access to Toowoomba’s CBD, characterised by its leafy streetscapes and historic charm. Demand is driven by a mix of young professionals, singles, and families seeking entry-level opportunities and a vibrant, convenient lifestyle. The market exhibits strong recent price growth across both houses and units, with conditions remaining tight due to low supply and a competitive rental market. Future growth is anchored in its enduring appeal and proximity to amenities, though continued price pressures and limited listings present key constraints for buyers and investors.
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PropCred Estimated Value
Comparable Sales: 21 Gordon Ave unit 3 sold 2016-built 2-bed for $495k; 45 Gordon Ave house 3-bed sold 2022 for $610k | Property Price Band: $700k–$800k | Value Drivers: condition relative to newer stock, unit complex quality, rental return strength
Bedrooms
2
Bathroom
1
Parking
1
Land
106m²
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