18/86-124 Ogden Street, Townsville City QLD 4810

Central location with city views | 2-bed, 2-bath, 2-car unit configuration | Modern finishes in 2000-built complex | Strong estimated rental yield This unit presents a competitively dense offering for its central Townsville City location, combining a full two-car parking provision with a two-bathroom layout in a format that remains scarce within the inner-city unit market. The internal size matches the land parcel, indicating a ground or lower-floor position that typically supports easier access and direct patio space, which aligns perfectly with the low-maintenance lifestyle demanded by both professional tenants and downsizers. Its recent rental history and current high-confidence estimate signal immediate investment viability, further bolstered by the complex’s tennis court amenity and its proximity to the CBD, The Strand, and key school catchments. The property serves investors seeking a high-yielding, centrally located holding and owner-occupiers who prioritize walkability and a lock-and-leave lifestyle without sacrificing a second vehicle space. The primary decision mechanism involves the flood overlay, which imposes a tangible risk cost through potentially elevated insurance premiums and requires specific due diligence. Strata levies are moderate for the area, but the quarterly outlay must be factored against the strong gross yield, which is estimated around 6.5% and outpaces the suburb median. Recent comparable sales in the complex and nearby establish a value corridor between $456,000 and $576,000, positioning the listed price as a premium for its superior parking and condition. Acquire this property as a long-term hold to capitalize on urban densification trends; its configuration ensures it will remain a persistent choice for a wide tenant pool, justifying its price point for a buyer comfortable with the inherent flood risk. The commercial logic supports a purchase at or slightly below the current asking price to buffer the overlay-related holding costs. Recent sales data provides critical context: a comparable 2-bed, 2-bath, 2-car unit in the same complex (86m²) was estimated at $456,000, while a larger 3-bed unit there was estimated at $576,000. Nearby, 2-bed units with only one car space have been marketed from $570,000. This frames the subject property’s offer within a competitive bracket, where its two car spaces and modern condition command a justifiable premium over the complex’s smaller units, though it sits below the price point of larger nearby properties, affirming its value proposition for a well-configured inner-city unit.