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Back 42 Gregory Street
Off Market

42 Gregory Street

North Ward QLD 4810

5
4
749 m²
Block of units
Last sold for $1,100,000
Josie HowardJosie Howard, last sold this property on 12 January 2025 after 46 days on market.

Overview

SOLD by Braeden Hall and Josie Howard of Belle Property Townsville Central and Beaches

Prime Investment: 3 Units in a Block with 6.3% Yield in North Ward Fully renovated units and perfect for short term and holiday rentals. All under one title so no seperate Body Corporate fees. Units 1 & 2 are currently long term rentals until January 2025. Property Details Unit 1: 1 bedroom, 1 bathroom (downstairs) Unit 2: 1 bedroom, 1 bathroom (downstairs) Unit 3: 3 bedrooms, 2 bathrooms (upstairs) Property Overview Rarely does such a prime property become available in Townsville's coveted 'Golden Suburb'. Situated on a generous 749 sqm block, this unit complex presents an exceptional investment opportunity with great capital growth potential. Rental Potential Currently, the three completely renovated units yield a combined rental income of $1,340 per week as long-term rentals, equating to a 6.3% yield. Moreover, there's considerable potential to increase earnings through holiday lets. Location Highlights Conveniently located just two blocks from the iconic The Strand and a mere 50 meters from Queens Gardens, this property enjoys proximity to essential amenities such as Coles supermarket and a bustling shopping center. North Ward offers a sought-after beachside lifestyle while being within easy reach of the city, airport, and the Sealink ferry to Magnetic Island. Development Opportunities While currently comprising three units, there's ample space for future development, including additional parking facilities and potentially more units within the existing block. Additionally, the property holds the potential for a future premium unit block development to three storeys, making it an enticing prospect for investors looking to capitalize on this prime location. Investment Potential Situated in an area poised for significant capital growth, this property presents a lucrative investment opportunity that's not to be missed. Rates & Insurances Rates & Insurances: Approximately $15,000 per annum. Body Corporate: No body corporates as the property is all on one title. Don't miss out on this golden opportunity to secure a prime investment in Townsville's most sought-after location. Contact us today to arrange a viewing and seize the potential of this remarkable property. Or to make an offer click: https://buy.realtair.com/properties/137325 Dean Hobson: 0467 778 483 Josie Howard: 0475 703 643

Features

5 bedrooms
4 bathrooms
749 m² lot size
Block of units

Estimated Value

We need at least 3 similar 5 bedroom block of units sold in North Ward over the last 12 months.

Property history for 42 Gregory Street

2025
Sold
$1,100,000
12 Jan 2025 by Josie Howard, of Belle Property Townsville City
2025
Sold
$1,100,000
12 Jan 2025 by Josie Howard, of Belle Property Townsville City
2024
Rented
Undisclosed
Leased on 02 Apr 2024 by Elders Smith and Elliott Townsville

Happy sellers in North Ward

91%
91% of sellers in North Ward reported that their sale price either exceeded or met their price expectations.

North Ward stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 19 reviews in North Ward over the last 12 months.

Local market activity for 5 bedroom block of units in North Ward

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in North Ward

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Jack Howard

Sellers who recommend Jack Howard have praised them for being clear communication and well-prepared

  •   5   (21 reviews)
  •  4 Reviews in North Ward
  •  5 Sales in North Ward
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Margaret Hill

Sellers who recommend Margaret Hill have praised them for being local expert, clear communication, friendly, responsive, reliable, supportive and well-prepared

  •   4.9   (172 reviews)
  •  3 Reviews in North Ward
  •  3 Sales in North Ward
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Braeden Hall

Sellers who recommend Braeden Hall have praised them for being clear communication, local expert, responsive, dedicated, reliable, strategic and pleasant

  •   5   (62 reviews)
  •  2 Reviews in North Ward
  •  4 Sales in North Ward
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Kym Wilson

Sellers who recommend Kym Wilson have praised them for being clear communication, well-prepared, easy to work with, local expert, honest, supportive and stress-free process

  •   5   (54 reviews)
  •  2 Reviews in North Ward
  •  2 Sales in North Ward
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