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QLD › North Ward › Cook St

U3, 42 Cook St, North Ward QLD 4810

For saleUnit

$620,000

For sale

Asking

2

Bedrooms

1

Bathrooms

1

Car spaces

190 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $620,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $620,000(Listing record · 25 June 2026)
  • CalculationAsk is 51% below 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 4.49% — 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

$620,000

Asking · $3,263/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

-51.4%

Median sale

Suburb $1,275,000

+2.31 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
$620,000
Stamp Duty (Queensland)
$20,925
Transfer/Registration Fee
$2,297
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
$646,922

$26,922 on top of the price (4.3% 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
2.99%
Annual cashflow (pre-tax)
$-13,720
Interest cover (DSCR)
0.57
Annual rent
$27,820
Operating expenses
$9,300
Loan amount
$496,000
Annual interest
$32,240
Gross yield
4.49%

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$620,000available25 June 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 4.5%. 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 Cook St →

Listing material

Listed by Helen Munro Property

Finally.....A Unit with Real Outdoor Space

Imagine enjoying the convenience of unit living without sacrificing the outdoor space you love. This beautifully renovated residence offers a rare combination of privacy, a substantial landscaped courtyard, multiple outdoor entertaining areas and a sought after North Ward lifestyle, all within a boutique complex of just five residences.

The standout feature is the incredible courtyard a rare find in North Ward. Fully fenced, landscaped and exceptionally spacious, this outdoor sanctuary provides the perfect setting for entertaining, gardening, relaxing with a book. Opportunities to secure such a substantial outdoor space in unit living are few and far between.

Adding to the appeal are two additional outdoor living areas. Enjoy your morning coffee on the breezy from patio flowing directly from the main bedroom or entertain family and friends on the elevated rear patio where view towards the iconic Castle Hill provide a stunning backdrop for year round North Queensland living and dining.

Read the full description

Inside, all the hard work has been done. Renovated and meticulously presented, the home has been freshly painted throughout and features new lighting, ceiling fans, carpet, dishwasher and a stylishly renovated bathroom. Every detail has been carefully considered to create a home that is truly move in ready, allowing you to simply unpack and enjoy.

Whether you are downsizing, seeking a lock and leave lifestyle, purchasing your first home, or looking for an exceptional North Ward investment, this property offers a unique combination of space, presentation and location.

What you will love about this property:

• Tightly held boutique complex of only five residences.

• Approximately 190 sqm of combined indoor and outdoor living space.

• Expansive 75 sqm fully fenced landscaped courtyard - ideal for entertaining, gardening.

• Front patio capturing beautiful ocean breezes and opening directly from the main bedroom.

• Rear undercover elevated entertaining patio with view towards Castle Hill.

• Open plan living and dining area with new split system air conditioner.

• Freshly painted throughout, including new ceiling fans and lighting.

• Stylishly renovated bathroom and laundry.

• Galley kitchen featuring electric cooktop, wall oven, new extractor fan and new dishwasher.

• Generous main bedroom, airconditioned with built in mirrored wardrobes and new carpet. Sliding glass doors to patio.

• Second bedroom also with split system air conditioning, new carpet and built in mirrored wardrobes.

• Security screens throughout.

• Undercover car accommodation.

• Separate secure storage room

• Recently installed electric security gates providing additional privacy and peace of mine.

Leave the car at home and enjoy the convenience of one of Townsville's most desirable beachside locations. Whites Grocer and Tobin Fish Tales are just moments away, while The Strand, beach, cafes, restaurants and everyday conveniences are all within easy walking distance.

Offering a rare combination of size, privacy, outdoor living and location, this exceptional residence presents an opportunity that is seldom available in North Ward.

115 sqm under roof

75 sqm courtyard

190 sqm total living space

Beachside living with the space to truly enjoy it.

Private inspections welcome.

Rates: $4,184 per year

Body Corporate: $4690 per year

Disclaimer: Helen Munro Property has prepared this information using every endeavour to ensure that the information given is true and accurate but accepts no responsibility or liability in respect of any errors, omissions or inaccuracies that may occur. All prospective purchasers should endeavour to make their own enquiries to verify the accuracy of the information provided.

Listing description written by Kym Wilson, Helen Munro Property — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Balcony
  • Broadband
  • Built-in Robes
  • Courtyard
  • Dishwasher
  • Fully Fenced
  • Outdoor Entertaining
  • Secure Parking
  • Toilets: 1
Districts

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.