28/4 Aplin Street, Townsville City QLD 4810

1-bedroom, 4th-floor apartment | 65m² in inner-city Townsville | flood overlay present | median rental yield above suburb average The buying case for this unit rests on its configuration as a compact, low-maintenance apartment in a sought-after inner-city pocket where comparable stock is limited. The 2008 build offers a modern layout with built-in robes, balcony, and secure parking, which positions it well for a professional tenant or owner-occupier seeking convenience near the river and North Ward. Its rental income potential at $515 per week median is strong for the price point, and the building’s pool and spa add lifestyle appeal that typically supports consistent occupancy. This property best serves an investor targeting stable cash flow or a first home buyer wanting to step into the market with minimal upkeep. The flood overlay is the principal risk, as it may affect insurance premiums and future resale liquidity, though the elevated 4th-floor position mitigates physical damage. The lot size is modest, limiting scope for value-add improvements, and the 2024 sale history suggests recent price discovery. An opportunity exists in the rental yield, which outpaces many comparable units in the suburb, and the building’s NBN Fibre connection supports remote worker appeal. Hold this property for steady rental income and capital growth tied to Townsville’s urban renewal trajectory, not for short-term flipping.