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QLD › Townsville City › Kingsway Pl

35/2-4 Kingsway Pl, Townsville City QLD 4810

For saleApartment

$370,000

For sale

Asking

1

Bedrooms

1

Bathrooms

1

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $370,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $370,000(Listing record · 21 May 2026)
  • CalculationAsk is 60% below the Townsville City median recorded sale ($920,000, n=7, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Townsville City's advertised median rent ($524/wk), implied gross yield would be 7.36% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$370,000

Asking

No recorded sale for this property.

Townsville City at a glance

3,143

People

$920,000

Median sale

$524/wk

Median rent

2.96%

Suburb gross yield

Median sale from 7 recorded sales (last 12 months) — a Districts calculation.

See the full Townsville City report →

Vs Townsville City

-59.8%

Median sale

Suburb $920,000

+4.40 pp

Gross yield

Suburb 2.96%

Suburb median $920,000 from 7 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$370,000
Stamp Duty (Queensland)
$11,375
Transfer/Registration Fee
$1,133
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$386,208

$16,208 on top of the price (4.4% extra)

  • Stamp Duty (Queensland)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Queensland schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Townsville City's advertised median rent — not a rent for this listing.

Net yield
5.86%
Annual cashflow (pre-tax)
$2,458
Interest cover (DSCR)
1.13
Annual rent
$27,248
Operating expenses
$5,550
Loan amount
$296,000
Annual interest
$19,240
Gross yield
7.36%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

For more information on this property, visit Queensland Globe↗.

Records

Property history

  1. Listed$370,000available21 May 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

QLD

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded. This lot’s own applications are a separate question.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $524/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded. This lot’s own applications are a separate question. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 7.4%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded. This lot’s own applications are a separate question.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Townsville City in one glance

Townsville City at a glance

3,143

People

$920,000

Median sale

$524/wk

Median rent

2.96%

Suburb gross yield

Median sale from 7 recorded sales (last 12 months) — a Districts calculation.

See the full Townsville City report →

Keep researching

  • Why Townsville City? Read the area thesis →
  • What else is on the market in Townsville City →
  • Other records on Kingsway Pl →

Listing material

Listed by Harcourts Kingsberry Townsville

🏙️ Fully Furnished Inner-City Living – Walk to the Stadium, CBD & Entertainment

📍 Location, lifestyle and convenience all in one!

Positioned in the heart of Townsville, this beautifully presented, fully furnished apartment offers the ideal combination of modern living and outstanding investment potential.

Whether you're searching for your 🏡 first home, a 🌴 low-maintenance city base, or a 💰 smart investment, this move-in-ready apartment is one you won't want to miss.

Read the full description

Step outside and enjoy everything Townsville has to offer! 🚶‍♀️ Queensland Country Bank Stadium, Cowboys Leagues Club, the CBD, cafés ☕, restaurants 🍽️ and entertainment 🎉 are all within easy walking distance, while Palmer Street and The Strand are only minutes away.

Inside, you'll find a light-filled, modern apartment that's ready to enjoy from day one. Complete with furnishings including Washing machine, Dryer fridge etc 🛋️, a spacious bedroom with huge Waredrobe🛏️, contemporary bathroom 🛁, a dedicated storage facility 📦 and a secure undercover car park 🚗, there's nothing left to do but move in or lease it out.

The lifestyle extends beyond your apartment, with residents enjoying access to fantastic resort-style facilities, including a sparkling lap pool 🏊, plus a rooftop entertainment and BBQ area 🍖🌇 - the perfect place to relax with friends while taking in the city views.

✨ Property Features

🛏️ Spacious one-bedroom apartment

🛁 Modern bathroom

🛋️ Fully furnished – simply unpack and enjoy!

🚗 Secure undercover car park

📦 Dedicated storage facility

🏊 Sparkling lap pool

🍖 Rooftop BBQ & entertainment area

🔒 Low-maintenance living in a secure complex

💰 Rental appraisal of approximately $550 per week

Looking for an Investment Property?

The apartment is currently operating as a successful holiday letting apartment, offering the flexibility to continue with short-term accommodation or explore longer-term rental options.

With Townsville's city entertainment precinct continuing to grow and exciting events and celebrations on the horizon, this apartment puts you right in the heart of the action! 🎉🏙️

Its central location makes it an attractive option for holidaymakers, tenants or owner-occupiers wanting to enjoy everything the city has to offer ~ with dining, entertainment, sporting events and the CBD all close by.

💵 Rental appraisal: Approximately $550 per week

🏢 Body corporate: Approximately $7,500 per annum

🏛️ Council rates: Approximately $1,800 per annum

📍 Conveniently Located Near

🏟️ Approx. 550m to Queensland Country Bank Stadium

🐂 Approx. 700m to Cowboys Leagues Club

🏙️ Approx. 1.5km to the Townsville CBD

🍹 Approx. 1.8km to Palmer Street dining precinct

🌊 Approx. 2.5km to The Strand

✈️ Approx. 3km to Townsville Airport

⭐ Whether you're looking to live in, lease out or secure a lock-and-leave lifestyle, this apartment offers unbeatable value in one of Townsville's most sought-after inner-city locations.

📞 Don't miss your opportunity! Contact Kimberley Sorbello today on 0459 351 825 to arrange your inspection or find out more.

📧 kimberley.sorbello@tsvharcourts.com.au

Disclaimer: While all care has been taken to ensure the information provided herein is correct, we do not take responsibility for any inaccuracies and we accept no liability for any errors or exclusions (including but not limited to a property's land size, floor plans and building age). Accordingly, all interested parties should make their own enquiries and obtain their own legal advice.

Listing description written by Kimberley Sorbello, Harcourts Kingsberry Townsville — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Balcony
  • Built-in Robes
  • Dishwasher
  • Furnished
  • Gym
  • In-Ground Pool
  • Secure Parking

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Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.