111A Wellington Street, Aitkenvale QLD 4814
111A Wellington Street, Aitkenvale QLD 4814
Peaceful park backing | dual-level family separation | strong rental yield potential | suburb stable growth | move-in ready with modern updates
This property presents a compelling buying case for families seeking separation of spaces and investors targeting low-maintenance yield. The double-storey configuration on a 491m² lot is rare in this pocket, offering a balcony off the master bedroom and a park outlook that eliminates rear neighbours — a genuine positioning advantage. The 34% site coverage leaves room for a pool or shed, while the fresh paint, new carpet, and split-system air-conditioning across key rooms mean no immediate capital outlay. The rental yield estimate of $505pw aligns with suburb average, and the suburb’s 1.6% growth supports moderate capital appreciation.
The primary risk is the lack of recent comparable sales data for this specific address, making precise valuation difficult. The adjacent property’s wide value range ($550k-$902k) suggests market uncertainty in this segment. The 7-day listing period is short, indicating either realistic pricing or limited buyer awareness. However, the quiet location backing parkland, combined with proximity to Pimlico State High School and PCYC, provides strong demographic appeal. The full fibre NBN and 5G coverage are supporting factors for remote workers. This property suits buyers who value immediate livability and long-term positioning over a bargain entry price.
Detailed Independent Property Report prepared by PropCred Analyst team for 111A Wellington Street, Aitkenvale QLD 4814
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
Execution Risk
2
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Market Insight
Aitkenvale presents as an affordable entry point into the Townsville market, attracting young professionals and childless couples. Demand is driven by this demographic seeking homeownership, creating a strong seller’s environment with properties moving quickly. Recent price growth has been robust, reflecting this competitive dynamic. While its affordability is a key draw, the primary constraint is the potential for more moderate capital growth compared to higher-priced markets, with prices currently positioned below the state average.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
491m²
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