19 Murray Street, North Ward QLD 4810

19 Murray Street, North Ward QLD 4810
6 bedrooms | 1,007sqm land | North Ward | no bushfire risk The propertyโ€™s primary competitive strength is its large land holding in North Ward, a desirable Townsville suburb, combined with a six-bedroom configuration that is rare for the area. This positions the house as a strong option for extended families or investors seeking a multi-tenant holding, as the bedroom count and land size provide flexibility for future subdivision or dual-living potential. The lack of bushfire risk reduces insurance and compliance costs, which is an uncommon advantage in Queensland. The most recent sale in 2012 and current off-market status suggest a motivated seller may be open to negotiation, offering a buyer a chance to secure a property below replacement cost in a stable council area. The key risk is the propertyโ€™s age and condition, as no recent renovations are documented, meaning the buyer should budget for structural updates and modernisation. The 1,007sqm land may also attract higher council rates and maintenance costs. However, the opportunity lies in holding the property for land appreciation in North Ward, where zoning may permit future development. A buyer should approach with a long-term hold strategy, prioritising a thorough building inspection and negotiating on the basis of deferred maintenance.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 19 Murray Street, North Ward QLD 4810
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

Market Insight:

North Ward’s market is defined by high demand and rapid turnover, with houses selling in under 30 days. Singles and downsizers are key demographics, driving a market where apartments dominate the housing stock. Recent price growth is strong, with median house prices rising 8.5% to 30.8% annually, while units have seen increases of 15% to 29.6%. This momentum is supported by tight supply, with only 53 properties listed last month, and solid rental yields of 4.06% for houses and 5.22% for units. Future growth is underpinned by this persistent demand-supply imbalance, though the low inventory presents a key constraint for buyers.
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

PropCred Estimated Value

Bedrooms

Bathroom

Parking

Land

Assessments Delivered Today

WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat