21 Railway Avenue, Railway Estate, QLD 4810 | House for sale | OnTheHouse
 
FOR SALE
Offers over $700,000

21 Railway Avenue
Railway Estate QLD 4810

Bedrooms: 5
Bathrooms: 2
Car spaces: 2
Floor area: 227m2
Land area: 1004m2
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Generous Landholding with Dual-Income Potential

Raine & Horne Townsville, in proud partnership with Steve Leaumont & Scarlett Stinton, welcome you to 21 Railway Avenue, Railway Estate - a substantial property offering an uncommon combination of two existing residences, dual rental income and a generous 1,004m² allotment.
Currently configured as two separate units, the property provides an established income stream with Unit 1 comprising three bedrooms and one bathroom, currently tenanted at $340 per week, while Unit 2 offers two bedrooms and one bathroom and is currently tenanted at $325 per week. Both tenancies are approaching renewal, providing an opportunity to review the current rental arrangements and rental returns.
The two residences provide separate living arrangements, with each offering its own kitchen, living area and bedrooms. The property retains its traditional character, with high ceilings and polished timber flooring, while the practical configuration provides flexibility for investors seeking multiple income streams from one substantial property.
Set on a generous 1,004m² allotment, there is plenty of space surrounding the existing residences, providing an additional point of appeal for those looking for land, flexibility and long-term potential.
Property Features
- Generous 1,004m² allotment
- Currently configured as two separate residences
- Unit 1: Three bedrooms, one bathroom, currently tenanted at $340 per week
- Unit 2: Two bedrooms, one bathroom, currently tenanted at $325 per week
- Combined current rental income of $665 per week
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Property Details for 21 Railway Ave, Railway Estate

21 Railway Ave, Railway Estate is a 5 bedroom, 2 bathroom House with 2 parking spaces and was built in 1955. The property has a land size of 1004m2 and floor size of 227m2. The place is currently for sale with Raine & Horne Townsville.

Building Type
House
Year Built
1955
Floor Size
227m2
Land Size
1004m2
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About Railway Estate 4810

The size of Railway Estate is approximately 4.0 square kilometres. There are 9 parks, covering nearly 14.3% of the total area. The population of Railway Estate in 2016 was 2852 people. By 2021 the population was 2871 showing a population growth of 0.7% in the area during that time. The predominant age group in Railway Estate is 20-29 years. Households in Railway Estate are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Railway Estate work in a professional occupation.In 2021, 56.70% of the homes in Railway Estate were owner-occupied compared with 55.00% in 2016.

Railway Estate has 1,792 properties. Over the last 5 years, Houses in Railway Estate have seen a 94.54% increase in median value, while Units have seen a 119.80% increase. As at 31 August 2026:

  • The median value for Houses in Railway Estate is $635,345 while the median value for Units is $424,725.
  • Houses have a median rent of $580 while Units have a median rent of $470.
There are currently 19 properties listed for sale, and 9 properties listed for rent in Railway estate on OnTheHouse. According to Cotality's data, 95 properties were sold in the past 12 months in Railway estate.

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Steve Leaumont
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Scarlett Stinton
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Raine & Horne Townsville
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