507/2 Dibbs StreetSouth Townsville QLD 4810
Property Details for 507/2 Dibbs St, South Townsville
507/2 Dibbs St, South Townsville is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2008. The property has a land size of 112m2 and floor size of 93m2. While the property is not currently for sale or for rent, it was last sold in September 2023.
Last Listing description (October 2023)
Fully furnished and nestled on the fifth floor of the Gateway on Palmer (The Oaks) complex, this two-bedroom unit offers panoramic views of Townsville CBD and the glistening Ross Creek. With the option to put this tax deductible unit into the short term rental pool on a long-term or ad-hoc basis, this unit is an exceptional investment.
Ample natural light illuminates the open living spaces, complemented by high-quality finishes. The modern kitchen, adorned with stone countertops, stainless steel appliances, and glass splash-backs epitomises attention to detail.
Highlights:
- Main balcony with views of the complex infinity pool, river and Townsville City
- Air-conditioning with room-specific controls and ceiling fans
- Main bathroom with combined shower and bath, neutral stone top vanities
- Carpet in lounge and bedrooms, tiles in kitchen, balconies, and bathrooms
- Unobstructed water and city vistas thanks to glass balustrades
- Sunlit end unit, soundproof windows, and 12mm toughened glass
- Reserved car park and secure enclosed storage room with roller door near lift
Complex Facilities:
- Convenient access to Palmer Street restaurants
- Gym, Spa and hair salon in main foyer
- 21m lap infinity pool with a city and river view
- Round-the-clock front desk and onsite caretaker
- Secure swipe access
- Two basement car park levels
For the Investor:
This tax deductible and versatile complex gives you the option to put the unit into the short term rental pool or it can be privately occupied. The unit can go in and out of the pool with 30 days termination. You can occupy it for 6 months and have it in the pool for 6 months. Even occupy it a few days a month on an ad-hoc basis and save on hotel costs if you regularly travel to Townsville. It really is that versatile.
The rental market value of the unit is adjustable.
$650-$1000 per week potential rental return.
Currently 95% peak month occupancy with adjusted YTD 86% year round occupancy.
Annual Body Corporate Contribution (01/12/22-30/11/23): $9986.28
Council Rates (01/07/23 - 31/12/23): $1683.62
This unit is currently in the rental pool so please call to arrange a private inspection.
Property History for 507/2 Dibbs St, South Townsville, QLD 4810
- 13 Sep 2023Sold for $385,000
- 19 Sep 2018Listed for Sale $349000
- 30 Nov 2010Sold for $420,000
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0About 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 1,801 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.
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