SOLD
Sold on 15 Apr 2024 for $690,000

114 Perkins Street W
Railway Estate QLD 4810

Bedrooms: 8
Bathrooms: 4
Car spaces: 4
Land area: 809m2
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Property Details for 114 Perkins St W, Railway Estate

114 Perkins St W, Railway Estate is a 8 bedroom, 4 bathroom Unit with 4 parking spaces and was built in 1950. The property has a land size of 809m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 8 bedroom Unit sold in Railway Estate in the last 12 months.

Building Type
Unit
Year Built
1950
Land Size
809m2
Local Government
Townsville City
Lot/Plan
21/T118116

Last Listing description (June 2024)

Four units on one title! All tenanted! No Body Corp Fees!

This property has traditional Qld elements, situated in a premium inner city suburb together those aspects equal always tenanted!
Set at the front of a 809Sqm allotment allowing space for 2 double carports, gardens, under cover sitting area, outdoor cloths line and dual driveways to access the carports.

Each unit comprises of two bedrooms and one bathroom with internal laundries, living and dining open space in the ground level units whilst upstairs have an extra living space at the front. The kitchens are all modern and similar in design, bathrooms have had an upgrade in the past five years and there is air conditioning to most rooms.

Rent return currently $1100 Per week - Increasing in May 2024 $1150
Gross annual income from May 2024 approx $59800
Rates Approx $10,500 per annum

Current lease end dates;
Unit 1 - 12/1/25
Unit 2 - 16/7/24
Unit 3 - 2/5/24
Unit 4 - 8/5/24

Renovations in the past 5 years include;
Upgraded kitchens to units 2,3 & 4
Roof re-screwed
Carport roof replaced
Hot water system to unit 3

Location is in high demand within walking distance to the Stadium, restaurant precinct and the CBD.

Disclaimer: While all care has been taken to ensure the information provided herein is correct, we do not take responsibility for any inaccuracies and we accept the liability for any errors or exclusions (including but not limited to a property's land size, floor plans and building age). Accordingly, all interested parties should make their own enquiries and obtain their own legal advice.ross annul income

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Property History for 114 Perkins St W, Railway Estate, QLD 4810

A timeline of how this property has performed in the market
Last Sold
$690,000
15 Apr 2024
Listed for Rent
$240/w
30 May 2012
  • 15 Apr 2024
    Sold for $690,000
  • 04 Dec 2023
    Listed for Sale $719,000
  • 03 Jun 2020
    Listed for Rent $200 / week
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About Railway Estate 4810

The size of Railway Estate is approximately 4 square kilometres. It has 9 parks covering nearly 14.3% of total area. The population of Railway Estate in 2011 was 2,956 people. By 2016 the population was 2,846 showing a population decline of 3.7% in the area during that time. The predominant age group in Railway Estate is 20-29 years. Households in Railway Estate are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Railway Estate work in a professional occupation. In 2011, 54.5% of the homes in Railway Estate were owner-occupied compared with 55% in 2016.

Railway Estate has 1,777 properties. Over the last 5 years, Houses in Railway Estate have seen a 76.19% increase in median value, while Units have seen a 102.85% increase. As at 30 November 2024:

  • The median value for Houses in Railway Estate is $519,660 while the median value for Units is $372,882.
  • Houses have a median rent of $470 while Units have a median rent of $430.
There are currently 18 properties listed for sale, and 16 properties listed for rent in Railway estate on OnTheHouse. According to CoreLogic's data, 115 properties were sold in the past 12 months in Railway estate.

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