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203/38 Gregory Street, Condon QLD 4815

$469,000

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$469k - $492k Transparent Transparent Listing Based on an openly advertised listing price.

Unit 2 Beds 2 Baths 1 Car 97 m²

Listed: 2 days ago

Updated: 1 hour ago

Overview

This ground floor apartment at 203/38 Gregory Street in the sought-after Riverway Point complex offers a practical lifestyle choice or an appealing investment opportunity. With two bedrooms and two bathrooms alongside secure single car accommodation, the apartment presents a well-laid-out, low-maintenance environment ideal for convenience and comfort.

The secure gated complex benefits from onsite management, ensuring peace of mind and added security for residents. Resort-style amenities such as a lagoon swimming pool and communal BBQ facilities create an inviting space for relaxation and casual entertaining, enhancing the property's lifestyle appeal.

Situated close to major amenities including Willows Shopping Centre, Cannon Park, and Riverway Lagoons, the location offers ease of access to key Townsville establishments like James Cook University, Townsville University Hospital, and Lavarack Barracks. This connectivity benefits both residents and tenants, underscoring its suitability for professionals, investors, or downsizers seeking a low-maintenance yet convenient urban residence.

Currently, the property is tenanted at $480 per week on a lease until early 2027, providing immediate and reliable rental income. Annual costs include an approximate body corporate fee of $5,200 and council rates near $3,970, which reflects the upkeep of the quality common facilities and grounds.

Overall, this apartment combines location, secure living, and appealing communal features into a desirable package, offering value for investors prioritizing stable returns or buyers seeking an accessible, care-free home close to essential services and lifestyle hubs.

Local Market Insights

In Townsville, Quiet Listings observed 69 new units entering the market over the last 30 days, up from 23 during the previous 30-day period, with an average advertised asking price of $473,536. The property type mix of listed properties is predominantly Houses at 81%, followed by units (6%), and land (4%). The most active agency for units in the Townsville area is currently Elite Properties, representing 20% of new listings, followed by Ray White with 14%. 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.