121 Railway AvenueRailway Estate QLD 4810
Property Details for 121 Railway Ave, Railway Estate
121 Railway Ave, Railway Estate is a 0 bedroom, 0 bathroom House. The property has a land size of 33700m2.
Last Listing description (February 2024)
This is an exceptional development opportunity for an astute investor, looking for a large unique land bank which is in close proximity to the city. This block of land offers an impressive Ross River frontage along with a panoramic view of Mount Stuart.
As Townsville population continues to grow, our backyards continue to diminish in size and there is a paradigm shift in inner city or city peripheral living. South Townsville, is a popular suburb with magnificent mix of traditional Queenslanders and a recent growth in Unit dwelling. The discerning buyer will recognise the opportunity to make this a great investment of these 33,000 square metres of premium waterfront land that boasts future development approval for a multi-level complex with up to 104 luxury residential units. There are plans & approval for 98 X 3 bedroom units, and 6 X 2 bedroom units in a two stage village style project are available upon request.
Why Invest in Townsville?
Townsville has in recent decades transformed itself into one of the best rated lifestyle centres in Australia. Townsville is the regional hub for northern Queensland with road and rail links North-South and West. This block is not far from the Port of Townsville, which is currently on the National news, with $5.2 billion exports, 750 vessels activity, 7,900 jobs per year and 400 people movements per day.
Call Girish Menon on 0414 985 243 for any additional information.
Property History for 121 Railway Ave, Railway Estate, QLD 4810
- 06 Feb 2024Listed for Sale Not Disclosed
- 08 Oct 2022Listed for Sale Expression of Interest
- 14 May 2015Listed for Sale Expression of Interest
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0About 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 1,766 properties. Over the last 5 years, Houses in Railway Estate have seen a 71.55% increase in median value, while Units have seen a 84.53% increase. As at 31 October 2024:
- The median value for Houses in Railway Estate is $506,615 while the median value for Units is $353,755.
- Houses have a median rent of $480 while Units have a median rent of $410.
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