Secure a Positive Geared – 7.3% secured net return

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17/2-4 Kingsway Place, Townsville City QLD 4810

Offers Over $380,000

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$380k - $399k Transparent Transparent Listing Based on an openly advertised listing price.

Apartment 2 Beds 1 Bath 1 Car 77 m²

Listed: 2 days ago

Overview

Located in the sought-after Central Precinct of Townsville City, this well-appointed 2-bedroom apartment offers a unique investment opportunity with a guaranteed income stream of $2,600 per month from centre management. Fully furnished and optimised for short-term rentals, the property seamlessly blends convenience with a resort-style lifestyle.

The residence features access to exclusive amenities including a rooftop pool, gymnasium, and barbecue area that overlook the vibrant cityscape of Townsville. The master bedroom opens directly onto a balcony, providing private outdoor space, while the flexible second bedroom can serve as a guest room or home office, catering to varied lifestyle needs.

A secure car parking space adds to the practicality of this urban dwelling. Situated in proximity to cinemas, dining venues, and a scenic boardwalk along Ross Creek leading to the Queensland Country Bank Stadium, it offers exceptional connectivity to local attractions, including Palmer Street dining, Flinders Street cafés, and shopping precincts.

This apartment is ideal for investors seeking consistent rental returns or individuals desiring a low-maintenance city base enhanced by leisure facilities and central location benefits. Monthly income and financial statements are available for review, supporting informed purchasing decisions. Please note that photos may include virtual staging.

Local Market Insights

In Townsville City, Quiet Listings observed 28 new apartments entering the market over the last 30 days, up from 8 during the previous 30-day period, with an average advertised asking price of $585,692. The property type mix of listed properties is predominantly Houses at 43%, followed by units (25%), and apartments (24%). The most active agency for apartments in the Townsville City area is currently Elite Properties, representing 32% of new listings, followed by McDonough Property Townsville with 25%. 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.