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Sold on 15 Oct 2024 for $890,000

40 Tully Street S
South Townsville QLD 4810

Bedrooms: 6
Bathrooms: 4
Car spaces: 4
Land area: 390m2
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Property Details for 40 Tully St S, South Townsville

40 Tully St S, South Townsville is a 6 bedroom, 4 bathroom House with 4 parking spaces. The property has a land size of 390m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 6 bedroom House sold in South Townsville in the last 12 months.

Building Type
House
Land Size
390m2
Local Government
Townsville City
Lot/Plan
2/SP322054

Last Listing description (October 2024)

Presenting an incredible opportunity for astute investors, 40 Tully Street in South Townsville is a versatile and potentially high-yielding property that ticks all the boxes for solid returns and future growth. This unique property features four individual units, each designed for modern living and long-term tenant appeal. Whether you're looking to expand your portfolio or secure a stable income, this property offers exceptional value in a prime location.

Versatile layout with outdoor spaces:

- The property features 2 x 2-bedroom units upstairs, each with an expansive back deck, and 2 x 1-bedroom fully tiled units downstairs, complete with a laundry and ample undercover areas at the back

- Downstairs units with one spacious bedroom: Offers comfortable living spaces for tenants, appealing to those seeking a cozy home.
- Upstairs units with two spacious bedrooms: Provides ample space for tenants, ensuring a comfortable and versatile living environment.
- Well-appointed bathroom per unit: Designed with contemporary fixtures, offering modern convenience and style.
- Dedicated car park for each unit: Ensures convenience and security for residents, enhancing the appeal of the property.

Prime Location:

- Central South Townsville location: Situated in the heart of the area with easy access to local amenities, shopping centers, and public transport, making daily life convenient for tenants.
- Walking distance to Queensland Country Bank Stadium, cafes, and beautiful Victoria park: Enjoy the convenience of being close to entertainment, dining options, and scenic outdoor spaces, making it an attractive choice for tenants.

High Rental Demand:

- Highly sought-after area for renters: Excellent investment potential with strong rental yield, ensuring consistent income.
- Diverse rental options: Multi-unit setup allows for a mix of long-term leases or short-term accommodation, catering to various market demands.

Future Growth Potential:

- Steady growth in South Townsville: Ongoing infrastructure developments and increasing property values make this an ideal opportunity for capital growth.
- Immediate rental income with future appreciation: An excellent balance of current returns and future financial gain.

Property History for 40 Tully St S, South Townsville, QLD 4810

A timeline of how this property has performed in the market
Last Sold
$890,000
15 Oct 2024
  • 15 Oct 2024
    Sold for $890,000
  • 05 Sep 2024
    Listed for Sale Offers Over $900,000

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About South Townsville 4810

The size of South Townsville is approximately 5.4 square kilometres. It has 7 parks covering nearly 4% of total area. The population of South Townsville in 2011 was 2,137 people. By 2016 the population was 2,352 showing a population growth of 10.1% in the area during that time. The predominant age group in South Townsville is 20-29 years. Households in South Townsville are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in South Townsville work in a professional occupation. In 2011, 47.5% of the homes in South Townsville were owner-occupied compared with 44.8% in 2016.

South Townsville has 1,800 properties. Over the last 5 years, Houses in South Townsville have seen a 77.97% increase in median value, while Units have seen a 45.14% increase. As at 31 October 2024:

  • The median value for Houses in South Townsville is $522,877 while the median value for Units is $408,887.
  • Houses have a median rent of $500 while Units have a median rent of $495.
There are currently 15 properties listed for sale, and 12 properties listed for rent in South townsville on OnTheHouse. According to CoreLogic's data, 116 properties were sold in the past 12 months in South townsville.

Suburb Insights for South Townsville 4810

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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.