OFF MARKET

7 Falcon Street
Rowes Bay QLD 4810

Bedrooms: 8
Bathrooms: 4
Car spaces: 4
Land area: 809m2
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Property Details for 7 Falcon St, Rowes Bay

7 Falcon St, Rowes Bay is a 8 bedroom, 4 bathroom Unit with 4 parking spaces. The property has a land size of 809m2. While the property is not currently for sale or for rent, it was last transferred in January 1987.

Building Type
Unit
Land Size
809m2
Local Government
Townsville City
Lot/Plan
58/T118327

Last Listing description (October 2023)

Seldom does such an outstanding opportunity present itself.

Nestled in arguably Townsville's most tightly held seaside community, this complex of four two-bedroom units has been held in the same family since around 1984.

Positioned at the front of the 809 m2 allotment, and only 180 metres from the beach, it features a traditional layout for a high-set duplex of its nature.

At the rear of the complex are covered carports and a laundry.

All units have long-term tenants (one tenant has lived in one for 23 years) and all have expressed interest to stay.

Any savvy investor will understand the options available to them, however, we believe the opportunity to buy in Rowes Bay is unique in itself, however, to find an investment property with this potential in this area is very rare indeed.

THE PROPERTY
- Original high-set flats
- Solid block construction
- New roof
- Each unit consists of two bedrooms & one bathroom
- Open-plan living and dining
- Kitchens & bathrooms present in original condition
- Rear four-car carport and communal laundry
- 809 m2 allotment
- Rates - $12,992.80 per year
- All units currently rented at $220 per week

THE LOCATION
- Located in a quiet leafy street less than 180m from the beachfront
- Walking distance to wide open parklands and beachfront
- A short drive to the CBD and Strand
- Close proximity to quality schooling and childcare
- Close proximity to public transport

Please note - All parties should make and rely upon their own enquiries in order to determine the accuracy of the information supplied. Some file photographs have been taken with tenant approval and their items edited out (internal unit photos). No liability for any loss sustained due to inaccuracy or omission.

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Property History for 7 Falcon St, Rowes Bay, QLD 4810

A timeline of how this property has performed in the market
Last Transferred
$5,500
15 Jan 1987
  • 09 Mar 2023
    Listed for Sale Offers Over $769,000
  • 15 Jan 1987
    Transferred for $5,500

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About Rowes Bay 4810

The size of Rowes Bay is approximately 2.8 square kilometres. It has 4 parks covering nearly 23.1% of total area. The population of Rowes Bay in 2011 was 538 people. By 2016 the population was 574 showing a population growth of 6.7% in the area during that time. The predominant age group in Rowes Bay is 80-89 years. Households in Rowes Bay are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Rowes Bay work in a professional occupation. In 2011, 36.3% of the homes in Rowes Bay were owner-occupied compared with 44.5% in 2016.

Rowes Bay has 287 properties. Over the last 5 years, Houses in Rowes Bay have seen a 51.01% increase in median value, while Units have seen a 72.55% increase. As at 30 September 2024:

  • The median value for Houses in Rowes Bay is $706,755 while the median value for Units is $493,229.
  • Houses have a median rent of $510.
There are currently 1 property listed for sale, and no properties listed for rent in Rowes bay on OnTheHouse. According to CoreLogic's data, 8 properties were sold in the past 12 months in Rowes bay.

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