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Overview
Located in the highly sought-after suburb of Kirwan, this well-kept duplex represents an excellent investment opportunity with strong tenant appeal and potential for capital growth. Offering two separate units, each comprises two bedrooms and a bathroom, complete with internal laundry and dedicated parking. These low-maintenance homes feature fully fenced private yards, providing tenants with comfortable outdoor spaces for privacy and recreation.
Both units are currently leased at $380 per week, securing rental income until late 2026, with recent appraisals suggesting rental increases to $420-$430 weekly per unit. This setup ensures immediate returns with potential to enhance income over time, making it attractive for investors seeking stability and growth.
Strategically positioned, the property enjoys proximity to essential amenities including schools, shopping centers, public transport, and parks, all contributing to high tenant demand and enduring appeal in Kirwan’s residential market. This duplex is ideal for investors targeting hassle-free rental management, or those wanting to establish or expand their portfolio with a centrally located asset offering solid fundamentals.
Local Market Insights
In Townsville, Quiet Listings observed 3 new duplexes entering the market over the last 30 days, down from 7 during the previous 30-day period, with an average advertised asking price of $1,091,333. The property type mix of listed properties is predominantly Houses at 76%, followed by units (11%), 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.
Location
Market Insights for Kirwan QLD 4817
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