17/2-4 Kingsway Place, Townsville City QLD 4810

17/2-4 Kingsway Place, Townsville City QLD 4810
Two-bedroom apartment | 85m² with balcony and pool | Flood, bushfire and heritage overlays | Central Townsville City location | FTTP and 5G connectivity. This property offers a competitive entry point into the Townsville City apartment market, where a well-configured two-bedroom floorplan with a balcony, secure parking, and shared pool and spa amenities is uncommon at this price level. The estimated rental yield near $560 per week supports strong investor demand, while the central location within catchment for Townsville State High School broadens appeal to owner-occupiers. Fibre to the building and 5G coverage are supporting advantages for remote work or tenancy. The multiple planning overlays-flood, bushfire, and heritage-represent the primary risk, as they may affect insurance premiums, lending terms, and future renovation flexibility. A buyer should verify the property’s actual flood history and any heritage restrictions on alterations. The comparable listing at 21/5 Kingsway Place at a similar price suggests the market is pricing in these risks, so there may be an opportunity to negotiate if due diligence confirms manageable exposure.
Detailed Independent Property Report prepared  by PropCred Analyst team for 17/2-4 Kingsway Place, Townsville City QLD 4810
Checks found:
Value Risk 2
Liquidity Risk ! 1
Planning Risk 2
Income Risk 2
Execution Risk ! 1
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Market Insight

Townsville City presents as a dynamic urban hub with a young professional demographic, driving demand as childless couples and investors compete for limited stock. The market shows divergent trends, with unit values demonstrating stronger momentum than houses. Future growth is underpinned by high buyer demand and constrained new supply due to declining building approvals, though this tight inventory also presents a key market constraint.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

1

Land

3680m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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