SOLD
Sold on 16 Mar 2024 for $1,485,000

16 Paxton Street N
North Ward QLD 4810

Bedrooms: 10
Bathrooms: 5
Car spaces: 10
Land area: 1012m2
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Property Details for 16 Paxton St N, North Ward

16 Paxton St N, North Ward is a 10 bedroom, 5 bathroom Unit with 10 parking spaces. The property has a land size of 1012m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 10 bedroom Unit sold in North Ward in the last 12 months.

Building Type
Unit
Land Size
1012m2
Local Government
Townsville City
Lot/Plan
38/T11884

Last Listing description (April 2024)

The premium location of the units ensures 100% occupancy 365 days a year. The significant improvements to the complex elevates the appeal and increases the returns. This complex is walking distance to convenience shopping, cafes, boutique shops of North Ward. The Strand - Townsville's waterfront precinct is simply around the corner. Townsville Grammar is located on the same street. This complex overlooks Queens Park - a brilliant botanical retreat which also hosts many events through the year. Solid block construction has stood the test of all weather events.

Information Available :
Townsville City Council Rates, Insurance Commitments for the complex, Lease details for each unit, Complex Outgoings, Scope of Works Completed - significant improvements and renovations a this complex, floor plans and so much more. Auction : Blank Auction Contract, Tips for Bidding at Auction (REIQ), Bidder Registration form and more. The sellers will be providing an independent report for a Building Inspection and Pest Inspection.

Current Rental Income : $1,980 a week / $101,920 a year
Current Insurance for Building / Legal Liability : $3566.04 a year
Townsville City Council Rates : $17,429 a year (when paid on time): Water is included in Townsville City Council Rates

Jools Munro & Craig Allom are very proud to be assisting the sellers to bring this investment opportunity to the market. Jools & Craig are blessed to be available 7 days a week and are here to help you understand how to make this asset ? YOURS !

You will adore these unit features :

? THE GROUND FLOOR is a stand out feature very rarely found in Townsville: the entire ground floor creates accessibility for multiple vehicles, workshops, storage of trailers, hobbies, creates a wonderfully secured playroom for children, gym location for training and so much more. The Laundry is located on the ground level ensuring you also have water sources on the ground floor. This fully secured ground floor doubles the square metres for use by tenants.
? Pedestrian access is available to the ground floor at the opposite end to the garage doors through solid timber doors with additional deadbolts for security
? Two roller garage doors provide vehicle access to the ground floor
? Internal stairs from the ground floor to the living spaces on the first floor provides enormous security and wonderful coverage in our wet weather
? Bare concrete ensures the ground floor is easy to keep spotless.

? THE FIRST FLOOR features wonderful open plan living, dining and kitchen spaces
? Internal stairs deliver you to a private breeze way - a wonderful place for a morning coffee
? Security screens feature on windows and doors where vulnerability appears
? Two large bedrooms capture loads of natural light
? Fully Air-conditioned - Ceiling Fans Throughout
? Separate toilet for convenience
? Showers and cabinetry in every bathroom
? Kitchens have generous bench space
? modern window furnishings

LEASE INFORMATION :
1/16 Paxton Street, North Ward (renovated)
Rent: $420pw/Bond: $1680
Lease: 22 September 2023 to 26 September 2024

2/16 Paxton Street, North Ward (renovated)
Rent: $420pw/Bond: $1680
Lease: 20 June 2023 - 24 June 2024

3/16 Paxton Street, North Ward
Rent: $350pw/Bond: $1320
Lease: 9 March 2024 to 7 March 2025

4/16 Paxton Street, North Ward (renovated)
Rent: $440pw/Bond: $1760
Lease: 27 December to 7 January 2025

5/16 Paxton Street, North Ward
Rent: $350pw/Bond:$1400
Lease: 8 January 2024 to 5 January 2025

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Property History for 16 Paxton St N, North Ward, QLD 4810

A timeline of how this property has performed in the market
Last Sold
$1,485,000
16 Mar 2024
Listed for Rent
14 Apr 2015
  • 16 Mar 2024
    Sold for $1,485,000
  • 22 Feb 2024
    Listed for Sale Not Disclosed
  • 26 Mar 2022
    Sold for $1,020,000
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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 3,932 properties. Over the last 5 years, Houses in North Ward have seen a 37.74% increase in median value, while Units have seen a 39.63% increase. As at 30 September 2024:

  • The median value for Houses in North Ward is $774,610 while the median value for Units is $394,142.
  • Houses have a median rent of $450 while Units have a median rent of $420.
There are currently 30 properties listed for sale, and 24 properties listed for rent in North ward on OnTheHouse. According to CoreLogic's data, 241 properties were sold in the past 12 months in North ward.

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