2A Spring Street Hermit Park QLD 4812

Recent sale at $485k | 179sqm built on 521sqm block | Solar and gated security | Flood overlay noted This three-bedroom home on a 521-square-metre block in Hermit Park suits owner-occupiers and investors seeking a move-in-ready property with established infrastructure and proximity to schools and the Townsville CBD. The property was sold in April 2024 for $485,000, and current estimates place its value around $690,000 to $695,000, suggesting a notable uplift over the past two years. The 179-square-metre residence was completed in 2013 and has been actively maintained and enhanced by recent owners, particularly through the addition of a 10.4-kilowatt solar system and an eco-deck entertaining area with remote gated driveway access. These upgrades reflect a trend among local buyers to invest in energy efficiency and security, both of which contribute to ongoing appeal in the rental market, where the property commands an estimated $605 to $670 per week. The property sits within the Townsville council area and benefits from NBN Fibre to the Premises and 5G mobile coverage, practical amenities for both families and professionals. A flood overlay has been detected on the property, which may warrant consideration during due diligence, though this is not uncommon in the broader Townsville area. The 521-square-metre lot provides sufficient space for a family home with low-maintenance landscaping and secure play areas, while the two-car garage and remote gated entry appeal to buyers prioritising privacy and vehicle security. Properties of this configuration in Hermit Park tend to attract owner-occupiers in their first or second purchase cycle and investor groups seeking reliable rental yields, suggesting sustained demand across both segments of the market.