Railway Estate at a glance
3,034
People
$650,000
Median sale
$502/wk
Median rent
4.02%
Suburb gross yield
Median sale from 54 recorded sales (last 12 months) — a Districts calculation.
QLD › Railway Estate › Queens Rd
$800,000
Last sold
26 May 2021
7
Bedrooms
6
Bathrooms
8
Car spaces
1,037 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
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
Last sold
$800,000
26 May 2021 · derived via latest_sale
Local land rate: recorded House sales in Railway Estate (last 5 years) with land size have a median of $949/m² of land (n=98). Districts calculation from recorded sales — not a valuation.
Railway Estate at a glance
3,034
People
$650,000
Median sale
$502/wk
Median rent
4.02%
Suburb gross yield
Median sale from 54 recorded sales (last 12 months) — a Districts calculation.
Vs Railway Estate
+23.1%
Median sale
Suburb $650,000
-0.76 pp
Gross yield
Suburb 4.02%
Suburb median $650,000 from 54 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
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 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 exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
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
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
QLDPlanning 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.
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
No advertised rent is recorded. Suburb median rent $502/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
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.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
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.”
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
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
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownNearby development applications are not loaded. This lot’s own applications are a separate question.
Honest achievable rent
KnownlowThis 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
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Railway Estate at a glance
3,034
People
$650,000
Median sale
$502/wk
Median rent
4.02%
Suburb gross yield
Median sale from 54 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White TownsvilleThis unique property provides an astute investor with a multitude of options, stemming from the two council registered residences on the property. Simply keep it as is and benefit from the returns, with the seller potentially willing to offer a long leaseback option for the rear residence, or subdivide the property and potentially benefit from capital land value increasing over the next few years, or Live in one and lease the other, or occupy to the whole property yourself - The configurations are endless!
Positioned only minutes to the CBD is what I would class as a blue-chip investment opportunity. The front property has been purposely designed and meticulously well-thought through to offer maximum returns and privacy in a studio / apartment style arrangement. As it stands fully tenanted the property show a return of $54,530 per annum. Showing a net figure of 6.5%
Lifestyle luxury is at your feet with a 15-minute walk to the New Townsville Stadium and a further 3 minutes to Townsville's foodie spot, Palmer Street. You or your lucky tenants will enjoy the spoils of the city with Cotters Markets every Sunday, The Cowboys Club and a huge range of boutique variety stores for a touch of retail therapy.
The Front Home Residency...
The front home consists of six large bedrooms, four of which are ensuited. All the bathrooms are well appointed with one featuring a spa bath. The two upstairs rooms and one downstairs also have a private lounge sitting area making them more like studio apartments. The two upstairs rooms also have their exclusive balconies giving just that extra touch of comfort.
On the upper level the large kitchen will serve the occupants well with walk-in pantry and lots of bench space. Adjoining the kitchen is the dining room which flows seamlessly to the huge full length tiled and covered entertaining deck. This space extends the home giving a second dining area and outdoor lounge space perfect to read a book and unwind.
Down the stairs is another sitting area or second lounge surrounded by two bedrooms and two unallocated rooms/private studies making it a great communal hangout. The laundry is also inside on the lower level.
The Back Townhouse (Second Residence) Conversion...
To the rear of the home is what most would think to be the dream shed constructed of panel lift concrete, dual six meter roller doors and enough storage for the business workshop. But once you step inside your jaw will hit the floor, for the brand new executively finished townhouse. On the downstairs level is a versatile open plan Office/ Lounge/ Showroom and the list goes on, with a new bathroom and laundry room to service this level. Downstairs is also directly connected to the side of the building through double doors and a single door through the laundry room.
Leading up the stairs prepare to be amazed, with the first glimpse of what is a stunning home. The sheer amount of beautiful marble-style stone in the kitchen, well thought through design with adjoining dining table. High end appliances ooze class with the rake ceilings and pendant lighting truly exposing the quality throughout. Open plan once again to the lounge makes this feel like home. Up a few stairs further is a huge king bedroom with picture windows flooding natural light in. Her/his perfect walk-in robe and through to a beautifully appointed bathroom with floor to ceiling tiles, more gorgeous faux marble on the vanities and lots of unique features.
The Outside...
The home is well positioned on a 1,043 square meter block of land with drive-in roller door rear access directly to the rear building. An electric gate for security and enough car accommodation to house eight. Additional storage has been installed in the form of 3 roller doored units to the side of the building and are fully shelved. Ample storage for the 22ft caravan under cover.
The home is getting an 11.88kW Solar system currently being installed to reduce the electricity. The premises has been wired for three-phase power.
Listing description written by Giovanni Spinella, Ray White Townsville — reproduced as published, not verified by Districts.