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Overview
This strata titled duplex at 28 Burnett Crescent in Wulguru offers a compelling investment opportunity with immediate rental income and future flexibility, allowing the sale of units individually. Positioned quietly but conveniently with swift access to the Ring Road, the location caters well to tenants working or studying near key Townsville landmarks including Lavarack Barracks, Townsville University Hospital, and James Cook University.
The property comprises two separately tenanted units, each featuring two bedrooms and a single bathroom, contributing to the combined count of four bedrooms and two bathrooms overall. Recent renovations, particularly in the bathrooms, enhance the property's appeal, complemented by solar hot water and individual solar power systems that promise reduced energy costs and sustainability benefits.
- Stable long-term tenants currently occupy the units, each generating an income of $300 per week, with scheduled increases to $400 per week beginning February 2027.
- One unit has been freshly painted internally, adding to its fresh and cared-for appearance.
- The property's strata title structure enables owners to sell each unit separately, offering future liquidity and investment flexibility.
- The expansive land area of 1,032 sqm accommodates four parking spaces, including two garages and two open parking spaces, alongside features that support pet-friendly living and built-in robes for storage.
Investors will appreciate the forecasted rental growth combined with the intrinsic value-add potential, as the flooring in both units will likely need replacement once vacated, presenting an opportunity to enhance the property's overall appeal and market value. The inclusion of air conditioning and proximity to quality schools further enhances its attractiveness for tenants seeking comfortable and convenient living.
Local Market Insights
In Townsville, Quiet Listings observed 3 new duplexes entering the market over the last 30 days, down from 4 during the previous 30-day period, with an average advertised asking price of $1,083,000. The property type mix of listed properties is predominantly Houses at 79%, followed by units (10%), and land (4%). The most active agency for duplexes in the Townsville area is currently Ray White, representing 33% of new listings, followed by Belle Property with 33%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Change History
| Headline | When |
|---|---|
| $700,000 | |
| Offers Over $750,000 |