50 Albury Street Pimlico QLD 4812
50 Albury Street Pimlico QLD 4812
Offers over $725k |1012mΒ² lot |1930s build |Est. rent $615pw |Flood overlay noted|This three-bedroom house on a 1012sqm block suits families or investors eyeing generous land in a school catchment area. The expansive lot size stands out, providing ample space for extensions, pools or simply a large backyard in a street of more typical holdings. Built in 1930 with a modest 282sqm building coverage, it offers a footprint that leaves room for modernization while retaining period charm. Its three parking spaces including garage and carport cater well to multi-car households, a practical edge in this inner suburb. Properties like this draw downsizers or growing families who value the low 6m elevation and NBN connectivity alongside proximity to Hermit Park State School and Pimlico State High. In the local market, similar older homes on big blocks have held steady, often achieving solid rental yields around $615 weekly due to demand for spacious family options. The high energy efficiency rating of 8.5/10 adds appeal for cost-conscious buyers amid rising utility focus. Flood overlay warrants due diligence, yet the overall package positions it as a hold with long-term land value uplift potential in a tightening Pimlico supply. Solar panels detected further bolster its efficiency credentials for enduring ownership.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
Inner Pimlico demand is anchored to Townsville CBD access, established schools and shopping, and a rental market with just 0.8% vacancy and almost no listings, so buyers chase the few homes that appear
Opportunity sits in the EDQ Pimlico TAFE land release for 150 homes but investors must balance that with a relatively low socioeconomic score and renter-heavy profile that can temper premium growth
Prices continue their strong run, with houses now in the mid-$600k range and both houses and units posting roughly 30% annual lifts while days on market stay between 20 and 36, so the past six months have kept upward pressure intact