North Ward at a glance
5,297
People
$1,275,000
Median sale
$535/wk
Median rent
2.18%
Suburb gross yield
Median sale from 25 recorded sales (last 12 months) — a Districts calculation.
QLD › North Ward › Mitchell St
$1,199,000
For sale
Asking
8
Bedrooms
4
Bathrooms
0
Car spaces
496 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
Asking
$1,199,000
Asking · $2,417/m² of land
No recorded sale for this property.
North Ward at a glance
5,297
People
$1,275,000
Median sale
$535/wk
Median rent
2.18%
Suburb gross yield
Median sale from 25 recorded sales (last 12 months) — a Districts calculation.
Vs North Ward
-6.0%
Median sale
Suburb $1,275,000
+0.14 pp
Gross yield
Suburb 2.18%
Suburb median $1,275,000 from 25 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
$58,165 on top of the price (4.9% extra)
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.
Pre-filled with North Ward's advertised median rent — not a rent for this listing.
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.
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 $535/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.
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.
Gross yield if leased at the suburb aggregate is 2.3%. 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
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
UnknownArea
North Ward at a glance
5,297
People
$1,275,000
Median sale
$535/wk
Median rent
2.18%
Suburb gross yield
Median sale from 25 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Harcourts Kingsberry TownsvilleOpportunities to secure an entire block of units in North Ward don't come along every day - particularly one offering four established tenancies and an immediate income stream from day one.
Positioned on a 496sqm allotment, 55 Mitchell Street comprises four self-contained two-bedroom, one-bathroom units, with two positioned upstairs and two downstairs. All four units are currently leased, creating a combined rental return of $1,720 per week and making this a compelling proposition for investors looking to secure a multi-income asset in one of Townsville's most consistently sought-after inner-city locations.
North Ward continues to hold strong appeal thanks to its proximity to The Strand, Townsville CBD, Castle Hill, schools, cafes, restaurants and everyday amenities. With four separate income streams under the one holding, this is an opportunity that deserves serious consideration.
Lease Details at a Glance:
Unit 1: $430 per week – leased until 15 March 2027
Unit 2: $430 per week – leased until 1 February 2027
Unit 3: $430 per week – leased until 15 February 2027
Unit 4: $430 per week – leased until 14 December 2026
Property at a Glance:
- Entire block of 4 x two-bedroom, one-bathroom units
- 2 spacious units upstairs and 2 spacious units bottom level
- Positioned on a 496sqm corner allotment
- Externally repainted in the last 12 months
- Highly sought-after North Ward location
- Convenient access to The Strand, CBD, Castle Hill and surrounding amenities
- Weekly gross rental yield of $1,720
- Annual gross rental yield of $89,440
- Council Rates approximately $8,276 per half year
Whether you're looking to expand an existing portfolio or secure a substantial multi-unit holding in a blue-chip Townsville location, 55 Mitchell Street presents an increasingly hard-to-find investment opportunity with income already in place.
Contact Lily Staib or Adrian Raiteri today for further information or to discuss this outstanding North Ward investment opportunity.
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). Accordingly, all interested parties should make their own enquiries and obtain their own legal advice.
Listing description written by Lily Staib, Harcourts Kingsberry Townsville — reproduced as published, not verified by Districts.
Nearby 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.