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QLD › North Ward › Primrose St

U2, 22 Primrose St, North Ward QLD 4810

For saleUnit

$7,890,000

For sale

Asking

3

Bedrooms

2

Bathrooms

1

Car spaces

160 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $7,890,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $7,890,000(Listing record · 5 Aug 2026)
  • FactLand 160 m²; no building size recorded.(Property record)
  • CalculationAsk is 519% above the North Ward median recorded sale ($1,275,000, n=25, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at North Ward's advertised median rent ($535/wk), implied gross yield would be 0.35% — 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

$7,890,000

Asking · $49,313/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.

See the full North Ward report →

Vs North Ward

+518.8%

Median sale

Suburb $1,275,000

-1.83 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.

Total cost to purchase

Purchase Price
$7,890,000
Stamp Duty (Queensland)
$434,200
Transfer/Registration Fee
$36,146
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
$8,364,046

$474,046 on top of the price (6.0% 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 North Ward's advertised median rent — not a rent for this listing.

Net yield
-1.15%
Annual cashflow (pre-tax)
$-500,810
Interest cover (DSCR)
-0.22
Annual rent
$27,820
Operating expenses
$118,350
Loan amount
$6,312,000
Annual interest
$410,280
Gross yield
0.35%

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$7,890,000available4 Aug 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 $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.

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 0.4%. 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

North Ward in one glance

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.

See the full North Ward report →

Keep researching

  • Why North Ward? Read the area thesis →
  • What else is on the market in North Ward →
  • Other records on Primrose St →

Listing material

Listed by McDonough Property Townsville

Exclusive Coastal Living in a Boutique Complex of Four

Perfectly positioned in one of Townsville's most sought-after coastal pockets, this beautifully maintained townhouse presents an exceptional opportunity to secure a spacious, low-maintenance home just moments from the very best North Ward has to offer. Nestled within an exclusive complex of only four townhouses, the property combines comfort, practicality, and recent quality upgrades with an unbeatable lifestyle location.

Whether you're looking for your next home, a coastal retreat, or an investment in a tightly held neighbourhood, this residence offers the perfect balance of space, privacy, and convenience. Enjoy morning walks along The Esplanade, weekends at The Strand, or explore Jezzine Park and Pallarenda, all just minutes from your doorstep.

Stepping inside, you'll immediately appreciate the fresh, welcoming feel created by the recent internal repaint and thoughtfully completed upgrades throughout. The spacious open-plan living and dining area provides plenty of room to relax or entertain, while the adjoining kitchen has been designed with functionality in mind, offering generous bench space, abundant storage, and an electric cooktop for everyday convenience.

Read the full description

Glass doors open seamlessly onto the private courtyard, creating an easy indoor-outdoor connection. Recently enhanced with brand-new landscaping, a new front boundary fence with gated access, and new double-panel fencing throughout the backyard, this outdoor space offers privacy and the perfect setting for entertaining, gardening, or simply enjoying the North Queensland climate.

Upstairs, all three bedrooms are thoughtfully positioned away from the main living areas, creating a peaceful retreat for the family. An additional sitting area or second living space provides valuable flexibility, making it ideal as a reading nook, children's retreat, or home office.

The master suite enjoys its own private balcony, walk-in wardrobe, and ensuite, while the remaining bedrooms are generously sized. Recent upgrades include brand-new vinyl flooring to the master bedroom and second bedroom, further enhancing the home's fresh and modern feel. The main bathroom features a practical shower-over-bath combination, while a downstairs powder room provides added convenience for guests.

Additional features continue to impress, including an internal laundry, two separate storage rooms adjoining the garage, air conditioning throughout, and a brand-new hot water system, ensuring the home is ready to be enjoyed from day one.

Properties of this calibre, in boutique complexes of this size and within such an exceptional North Ward location, are rarely offered to the market. Combining lifestyle, convenience, and genuine value, this is an opportunity not to be missed.

Rates: Approx $2,000 Twice Per Year

Body Corp: Approx. $8,000 Per Year Without Discount - Approx. $6,500 With Discount

Features:

• Boutique complex of only four townhouses

• Prime North Ward location just minutes to The Strand, Jezzine Park, Pallarenda, and The Esplanade

• Three spacious bedrooms, all positioned upstairs

• Master suite with private balcony, walk-in robe, and ensuite

• Additional upstairs living area or retreat

• Spacious kitchen with excellent storage and electric cooktop

• Open-plan living and dining area

• Downstairs powder room

• Main bathroom with shower over bath

• Internal laundry

• Air conditioning throughout

• Private courtyard with brand-new landscaping

• New front boundary fence with gated access

• New double-panel fencing throughout backyard

• Fresh internal paint throughout

• Brand-new vinyl flooring to the master bedroom and second bedroom

• Brand-new hot water system

• Single lock-up garage with two adjoining storage rooms

McDonough Property Townsville has taken reasonable care in preparing this information but makes no warranty as to its accuracy or completeness. Prospective purchasers should conduct their own enquiries and seek independent advice before making any purchasing decisions.

Listing description written by Martin McDonough, McDonough Property Townsville — reproduced as published, not verified by Districts.

Districts

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

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