Raine & Horne Townsville, in proud partnership with Steve Leaumont & Scarlett Stinton, welcome you to 21 Railway Avenue, Railway Estate - a substantial property offering an uncommon combination of two existing residences, dual rental income and a generous 1,004m² allotment.
Currently configured as two separate units, the property provides an established income stream with Unit 1 comprising three bedrooms and one bathroom, currently tenanted at $340 per week, while Unit 2 offers two bedrooms and one bathroom and is currently tenanted at $325 per week. Both tenancies are approaching renewal, providing an opportunity to review the current rental arrangements and rental returns.
The two residences provide separate living arrangements, with each offering its own kitchen, living area and bedrooms. The property retains its traditional character, with high ceilings and polished timber flooring, while the practical configuration provides flexibility for investors seeking multiple income streams from one substantial property.
Set on a generous 1,004m² allotment, there is plenty of space surrounding the existing residences, providing an additional point of appeal for those looking for land, flexibility and long-term potential.
Property Features
- Generous 1,004m² allotment
- Currently configured as two separate residences
- Unit 1: Three bedrooms, one bathroom, currently tenanted at $340 per week
- Unit 2: Two bedrooms, one bathroom, currently tenanted at $325 per week
- Combined current rental income of $665 per week
- Both tenancies approaching renewal
- Separate kitchens and living areas
- High ceilings
- Polished timber flooring
- Generous outdoor space
- Established Railway Estate location
- Dual-income investment opportunity
Located in the established suburb of Railway Estate, 21 Railway Avenue offers exceptional convenience for those wanting to stay close to the heart of Townsville. The property is just minutes from the Townsville CBD, providing easy access to the city's shops, cafes, restaurants, employment precincts and everyday amenities.
The Strand and its beachfront lifestyle are also within easy reach, while Queensland Country Bank Stadium is nearby, making this a particularly convenient position for attending major sporting events, concerts and entertainment. With schools, public transport and local amenities also close by, the location offers the flexibility of being connected to everything Townsville has to offer without being right in the middle of the city.
With two established tenancies, combined rental income of $665 per week and a substantial 1,004m² allotment, 21 Railway Avenue presents an opportunity for investors seeking a property with multiple income streams and plenty of flexibility.
Contact Steve Leaumont or Scarlett Stinton today to arrange your inspection.
Disclaimer: All parties should conduct their own enquiries to verify the accuracy of the information provided. Photographs are for illustrative purposes only. Any reference to rental income or rental increases should be independently verified. Raine & Horne Townsville (S&S Properties Pty Ltd) accepts no responsibility for any loss incurred as a result of any inaccuracy or omission.
