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7/21 Gipps Street, Drayton$500,000
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7/21 Gipps Street

Drayton, QLD 4350, Australia
$500,000
2 bed 1 bath 1 car

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About this property

Positioned within a boutique complex of just seven residences and tucked away privately at the rear, this well-maintained unit presents an outstanding opportunity for investors seeking a low-maintenance asset in a consistently high-demand location. With the University of Southern Queensland, public transport, schools, shopping facilities and parkland all within easy reach, this is a property perfectly positioned to attract long-term tenants and deliver reliable returns. Currently leased at $370per week until 30 June 2027, this is an ideal set-and-forget investment offering immediate income and future growth potential in one of Toowoomba's most sought-after rental corridors. Whether you're looking to expand your portfolio, secure your first investment property or acquire a dependable asset in a blue-chip rental location, this property offers the perfect combination of affordability, convenience and strong tenant appeal. Property features include: - Two good sized bedrooms, both with built-in wardrobes - Spacious open-plan living and dining area - Kitchen with gas cooktop and ample cupboard space - Bathroom featuring shower over bath, vanity and toilet - Internal laundry with additional storage options - Security screens throughout for added peace of mind - Single remote lock-up garage with internal access - Private, fully fenced rear courtyard with minimal upkeep required - Quiet position at the rear of a boutique complex of just seven units - Excellent proximity to USQ, schools, shopping centres and parkland - Convenient access to transport with a direct route to the CBD - Combined body corporate fees of $730.05 net per quarter - Currently tenanted at $370per week until 30 June 2027

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
2
Bathrooms
1
Parking
1
Listed
3 weeks ago

Repayment calculator

$2,424/month
$1,212 /fortnight
Loan $400,000 at 6.10% over 30 years

Upfront costs

Deposit$100,000
Stamp duty$15,925
Conveyancing (est.)$2,000
Total upfront$117,925
Verify with QLD revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Drayton

This 2-bedroom apartment in Drayton, QLD 4350 sits within reach of public transport, and nearby schools. It is listed 35% below the $769,000 median of 54 comparable apartmentswithin 5 km.

Schools near Drayton

  • Drayton State Schoolprimary · Prep-6 · CoEd

What's nearby

  • Baker St at Platz Street, Darling Heights (bus)1.0 km away
  • Ernest Peak Park444 m away
  • Lynch Street Park1.2 km away
  • Atherton Memorial Park1.4 km away

Drayton at a glance

Full suburb profile
Population
1,813
Median age
36
Household income
$1,362/wk
Median rent
$290/wk
Median mortgage
$1,400/mo

Source: ABS Census.

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