SOLD
Sold on 15 Apr 2024 for $762,000

52 Brooks Street
Railway Estate QLD 4810

Bedrooms: 7
Bathrooms: 3
Car spaces: 3
Floor area: 59m2
Land area: 650m2
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Property Details for 52 Brooks St, Railway Estate

52 Brooks St, Railway Estate is a 7 bedroom, 3 bathroom Unit with 3 parking spaces and was built in 1990. The property has a land size of 650m2 and floor size of 59m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 7 bedroom Unit sold in Railway Estate in the last 12 months.

Building Type
Unit
Year Built
1990
Floor Size
59m2
Land Size
650m2
Local Government
Townsville City
Lot/Plan
3/RP718089

Last Listing description (May 2024)

Dive into the heart of Railway Estate with this unique investment offering-a meticulously maintained block of three units, all under one title and free from body corporate fees. This investment gem brings in a robust $1,070 per week, with stable tenancies already in place across all units.

Investment Highlights:
No Body Corporate Fees: Enjoy the simplicity of a single title for all three units.

Steady Income Stream: Currently returning $1,070 weekly with reliable tenants.

Desirable Location: Situated minutes from the Army barracks, University, Hospital, and Fairfield Waters shopping centre, in a serene no-through road for ultimate convenience and tranquillity.

Unit Details:

Unit 1 (2 Bed/1 Bath): Occupied until May 2024. Features include a large private front courtyard, air-conditioned open-plan living, stylish kitchen, two bedrooms, an air-conditioned master bedroom with built-ins , a modern bathroom with bath, internal laundry, security screens, and a covered carport.

Unit 2 (2 Bed/1 Bath): Tenanted until September 2024. Boasts an enclosed front entry, air-conditioned living areas, an upgraded kitchen, two bedrooms with air conditioning and built-ins in the master, a contemporary bathroom, security screens, an internal laundry area, and a front-covered carport.

Unit 3 (3 Bed/1 Bath): Lease extends to September 2024. This unit offers vinyl planking, an open-plan air-conditioned living area leading to a side patio, a practical and stylish kitchen, a master bedroom with extensive built-ins and air conditioning, two additional well-sized bedrooms, a covered carport, and a spacious, private external courtyard.

Property Features:

Comprehensive Upgrades: All units feature trendy kitchens, modern bathrooms, air conditioning, and built-in wardrobes, ensuring a turnkey investment.

Security & Privacy: Equipped with security screens throughout and situated on a generous 650sqm block in a quiet, no-through road.

Convenience & Comfort: Each unit includes covered carports, internal laundries, and private outdoor spaces, with units 1 and 3 boasting large private courtyards.

Location Perks:

Nestled in the thriving suburb of Railway Estate, this property offers the perfect balance of quiet residential living and convenient access to major amenities, making it highly attractive to tenants and ensuring sustained demand.

This is more than an investment; it's a chance to secure a foothold in one of Townsville's most sought-after locales, with immediate income and long-term growth potential. Don't miss out on this exceptional opportunity to expand your portfolio in Railway Estate.

Property History for 52 Brooks St, Railway Estate, QLD 4810

A timeline of how this property has performed in the market
Last Sold
$762,000
15 Apr 2024
Listed for Rent
$270/w
24 Nov 2015
  • 15 Apr 2024
    Sold for $762,000
  • 08 Mar 2024
    Listed for Sale Offers Over $760,000
  • 28 Jul 2023
    Listed for Rent $350 / 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 72.75% increase in median value, while Units have seen a 20.43% increase. As at 31 August 2024:

  • The median value for Houses in Railway Estate is $494,189 while the median value for Units is $342,914.
  • Houses have a median rent of $480 while Units have a median rent of $363.
There are currently 16 properties listed for sale, and 7 properties listed for rent in Railway estate on OnTheHouse. According to CoreLogic's data, 105 properties were sold in the past 12 months in Railway estate.

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Helen Munro Property
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.