43/5 Kingsway PlaceTownsville City QLD 4810
Property Details for 43/5 Kingsway Pl, Townsville City
43/5 Kingsway Pl, Townsville City is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2014. The property has a land size of 64m2 and floor size of 55m2. While the property is not currently for sale or for rent, it was last sold in November 2023. There are other 1 bedroom Unit sold in Townsville City in the last 12 months.
Last Listing description (August 2024)
My highest returning yield on the market. 5.1% net yield (8% gross) at ASKING price. This property is a license to print money.
Wake up to a stunning view over the river to Reid Park Raceway where you can have the best seat in the house for the supercar races. The high ceilings and extensive use of glazing in this unit make it seem bigger than it is and coupled with heaps of storage will make life a breeze. The bathroom size rivals even the biggest houses and with the walk-in shower and modern finishes presents as new.
Protected from the brutal afternoon sun, the balcony is the perfect place to unwind after work or listen to the football games at the Queensland Country Bank Stadium just across the river. If that's not your thing, head down to the pool and cool off!
Located in a super-neat modern building, there's just a 30 second walk to some of Townsville's best dining, bars, cinema and sports venues.
Just a short stroll will get you into the CBD for Sunday markets or get you to the Castle Hill walking tracks to have a healthy finish to your day.
This unit would make a neat, low-maintenance home for a single or couple, but would also be the top pick for an investor looking to capitalise on Townsville's great rental returns.
Fast Facts:
Fully Furnished
Bedrooms: 1
Bathrooms: 1
Carport: 1
Unit size: 58.5sqm
Body Corporate per year: $5,068 approx.
Council Rates per year: $3,005 approx
Current rent per week: $385
Gross Yield: 8.04%
Net Yield: 5.13%
All facts and figures given here are provided to the best of our knowledge, however all buyers should make their own enquiries to confirm.
Property History for 43/5 Kingsway Pl, Townsville City, QLD 4810
- 24 Nov 2023Listed for Sale $249,000
- 20 Nov 2023Sold for $237,000
- 05 Aug 2022Listed for Sale $249,000
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About Townsville City 4810
The size of Townsville City is approximately 2 square kilometres. It has 9 parks covering nearly 5.1% of total area. The population of Townsville City in 2011 was 2,500 people. By 2016 the population was 2,874 showing a population growth of 15.0% in the area during that time. The predominant age group in Townsville City is 20-29 years. Households in Townsville City are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Townsville City work in a professional occupation. In 2011, 40.8% of the homes in Townsville City were owner-occupied compared with 37.1% in 2016.
Townsville City has 2,479 properties. Over the last 5 years, Houses in Townsville City have seen a 23.61% increase in median value, while Units have seen a 34.87% increase. As at 30 September 2024:
- The median value for Houses in Townsville City is $692,115 while the median value for Units is $470,264.
- Houses have a median rent of $535 while Units have a median rent of $495.
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