OFF MARKET

54/30-34 Palmer Street
South Townsville QLD 4810

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 83m2
Land area: 117m2
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Last updated 11 Nov 2024
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Property Details for 54/30-34 Palmer St, South Townsville

54/30-34 Palmer St, South Townsville is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1999. The property has a land size of 117m2 and floor size of 83m2. While the property is not currently for sale or for rent, it was last sold in June 2016.

Building Type
Unit
Year Built
1999
Floor Size
83m2
Land Size
117m2
Local Government
Townsville City
Lot/Plan
54/SP122692

Last Listing description (June 2016)

**Investors Only**
Fully refurbished at a cost of almost $40,000, this spacious apartment features new carpets & paint, new kitchen joinery & appliances and full bathroom upgrade.
Centrally located Quest Townsville is in the heart of the city's dining precinct and offers an array of cafes, restaurants and convention facilities as well as easy access to Magnetic Island.

Townsville is the major business hub in Northern Queensland and home to the Lavarach Army Base, one of the major defence installations in Australia which supports jobs and local infrastructure.
Lease Details
Current Rent: $617 per week ($32,095 per annum)
Next Rent Increase: 1st August 2016
Current Return: 8.23% Gross / Net 6.52%
Lease Terms: Lease to 31/07/2019 plus 4 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next review due 2019)
Approximate Owner Outgoings:
Council Rates: $3026 per annum approx.
Water Rates: Combined with council rates
Body Corporate Administration Fee: $1888 per annum approx.
Body Corporate Sinking Fund: $1307 per annum approx.
Body Corporate Insurance: $440 per annum approx.
*Please note that photos are generic and may not be of the specific apartment.

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Property History for 54/30-34 Palmer St, South Townsville, QLD 4810

A timeline of how this property has performed in the market
Last Sold
$400,000
15 Jun 2016
  • 15 Jun 2016
    Sold for $400,000
  • 03 May 2016
    Listed for Sale Not Disclosed
  • 10 Aug 2012
    Listed for Sale $285,000
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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 1,801 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.
There are currently 16 properties listed for sale, and 13 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.

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