123 Twelfth Avenue, Railway Estate QLD 4810

123 Twelfth Avenue, Railway Estate QLD 4810
3-bed house on 809m² lot | in-ground pool & solar | high confidence valuation | no flood or bushfire overlays This property presents a competitively strong offering based on its substantial landholding within a residential Townsville suburb, a combination increasingly rare for newer stock. The high-confidence valuation slightly above the list price suggests the market recognises this underlying land value. The house itself is modest in size and coverage, indicating potential for future extension or redevelopment, a key strategic advantage. It serves an owner-occupier seeking a family-sized parcel with established amenities like a pool and solar, or an investor attracted by the estimated 4.3% gross yield, which is supported by the high-confidence rental estimate and solid school catchments. Proceed with the understanding that the primary risk is the absence of recent comparable sales data to definitively anchor the price, leaving the valuation model as the sole benchmark. The lack of data on building age and condition necessitates a thorough building and pest inspection as a cost-control measure. The opportunity lies in acquiring a large, unencumbered block in a stable location where the land component provides a durable floor for the investment. The judgment is that this property is a sound hold for a long-term buyer, where the land asset will appreciate and the existing improvements generate immediate utility or rental income.

Market Insight:

Railway Estate is an inner-suburb positioned for strong capital appreciation, with demand driven by investors and buyers seeking value in a low-supply environment. Recent price trends show robust growth across both houses and units, supported by a fast-moving market where properties transact quickly. Future growth is underpinned by its established connectivity, though constrained supply relative to state averages presents a key risk for ongoing affordability and market balance.

PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

2

Land

809m²

Built

Recent Assessments