5 Derby Street, Pimlico QLD 4812

809m² land in Pimlico | 4-bedroom, 2-bathroom 1950s house | established neighbourhood near Townsville | strong long-term capital growth since 2006 This property offers a rare configuration edge for a buyer seeking land depth in an established suburb: 809m² with a 247m² floorplan from 1950 signals a house that can be lived in immediately while holding significant repositioning potential. The four bedrooms and two bathrooms make it functional for a family, and the two-car parking adds practical convenience. The Domain and PropertyValue estimates, while varying, both indicate the house sits in a price band that suits owner-occupiers who value a mid-century build with scope for renovation rather than knockdown rebuild. It serves best a buyer who wants to enter a stable Townsville neighbourhood with a house that can be upgraded over time, not one needing immediate capital outlay for structural work. The primary risk is the 1950 build age, which may require near-term updates to wiring, plumbing, or insulation, and the 2006 purchase price of $215,000 means the current valuation has already captured substantial market gains, so future appreciation may be more moderate. The opportunity lies in the land-to-building ratio: an 809m² lot in a 4812 postcode area offers subdivision or extension potential if council zoning permits, though this must be verified. The FTTP connection supports modern living but is not a prime driver. Hold this property for at least five to seven years, using it as a family home while monitoring local infrastructure changes in Townsville’s north for value uplift.