FOR SALE
$1,600,000 - $1,800,000

58 Eyre Street
North Ward QLD 4810

Bedrooms: 8
Bathrooms: 4
Car spaces: 4
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Prime Regional Investment Opportunity

Unit 1, 2, 3 & 4 - 58 EYRE STREET, NORTH WARD
Suzy Spilsbury is excited to bring to market this prime regional residential investment opportunity that promises stable and attractive returns.
This exceptional asset features 4 well-designed two-bedroom, one-bathroom units all with their own private lock-up car park.
Together, these units generate a robust annualised gross rental income of approximately $84,760 per annum^, providing a dependable revenue stream for discerning investors.
The property benefits from its strategic location, positioned just an easy walk to the iconic Strand foreshore and Jezzine Barracks parklands. You are close to sought after private and public schools ideal for attracting and retaining tenants looking to take advantage and immerse themselves in this beachside setting.
This opportunity is ideal for investors seeking a stable income-producing asset in a thriving regional market. With its strong rental yield and desirable location, 58 Eyre Street presents a compelling proposition for those looking to expand their property portfolio.
Additional highlights of the asset include:
• 4 x 2-Bedroom, 1 Bathroom Units
• All units fully air conditioned
• 100% occupancy
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Property Details for 58 Eyre St, North Ward

58 Eyre St, North Ward is a 8 bedroom, 4 bathroom BlockOfUnits with 4 parking spaces. The place is currently for sale with Professionals townsville.

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BlockOfUnits

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About North Ward 4810

The size of North Ward is approximately 2.4 square kilometres. It has 8 parks covering nearly 19% of total area. The population of North Ward in 2011 was 5,099 people. By 2016 the population was 5,060 showing a population decline of 0.8% in the area during that time. The predominant age group in North Ward is 20-29 years. Households in North Ward are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in North Ward work in a professional occupation. In 2011, 36.3% of the homes in North Ward were owner-occupied compared with 35.2% in 2016.

North Ward has 3,924 properties. Over the last 5 years, Houses in North Ward have seen a 37.61% increase in median value, while Units have seen a 48.93% increase. As at 31 October 2024:

  • The median value for Houses in North Ward is $775,777 while the median value for Units is $413,194.
  • Houses have a median rent of $450 while Units have a median rent of $420.
There are currently 26 properties listed for sale, and 28 properties listed for rent in North ward on OnTheHouse. According to CoreLogic's data, 250 properties were sold in the past 12 months in North ward.

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Suzy Spilsbury
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