OFF MARKET

9 Narangi Street
Heatley QLD 4814

Bedrooms: 8
Bathrooms: 4
Car spaces: 4
Land area: 607m2
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Property Details for 9 Narangi St, Heatley

9 Narangi St, Heatley is a 8 bedroom, 4 bathroom Unit with 4 parking spaces and was built in 1970. The property has a land size of 607m2. While the property is not currently for sale or for rent, it was last sold in March 2021.

Building Type
Unit
Year Built
1970
Land Size
607m2
Local Government
Townsville City
Lot/Plan
28/RP726881

Last Listing description (June 2021)

SET OF 4X2 BEDROOM UNITS

Easy to rent, solid block property - close to schools, shops, public transport and in a flood-free location - this makes for a great opportunity to invest and reap the financial rewards for years to come - SET & FORGET ... and PROFIT !!

* Solid block of 4 x 2 bedroom units

* Neat and tidy complex
* Great investment - showing fantastic returns
* Easily rentable location
* Close to schools, major shopping centres, and public transport
* Units 1 and 3 rented $195 P/W, Unit 2 rented $200 P/W and Unit 4 appraised at $200 P/W
* Rates per half year: Gross - $4,653.42, Discount - $4,543.12
* Current Insurance: $4,504.79 per annum
* QUALITY INCOME-PRODUCING, RESIDENTIAL INVESTMENT!

Townsville is on the move and rentals are few and far between. This is an opportunity to get on board with a low-maintenance property showing great returns. If you're an investor who seeks a strong passive income return from a centrally located unit block, then look no further than this rare offering.

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Property History for 9 Narangi St, Heatley, QLD 4814

A timeline of how this property has performed in the market
Last Sold
$390,000
05 Mar 2021
Listed for Rent
$190/w
03 Mar 2011
  • 04 Jun 2021
    Listed for Sale SOLD - 29/04/21
  • 05 Mar 2021
    Sold for $390,000
  • 25 Feb 2021
    Listed for Sale High $300,000s Negotiable
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About Heatley 4814

The size of Heatley is approximately 2 square kilometres. It has 2 parks covering nearly 6.7% of total area. The population of Heatley in 2011 was 4,215 people. By 2016 the population was 4,037 showing a population decline of 4.2% in the area during that time. The predominant age group in Heatley is 10-19 years. Households in Heatley are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Heatley work in a trades occupation. In 2011, 56.6% of the homes in Heatley were owner-occupied compared with 58.9% in 2016.

Heatley has 1,771 properties. Over the last 5 years, Houses in Heatley have seen a 97.25% increase in median value, while Units have seen a 72.25% increase. As at 31 October 2024:

  • The median value for Houses in Heatley is $413,102 while the median value for Units is $314,292.
  • Houses have a median rent of $460 while Units have a median rent of $320.
There are currently 4 properties listed for sale, and 4 properties listed for rent in Heatley on OnTheHouse. According to CoreLogic's data, 86 properties were sold in the past 12 months in Heatley.

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