1/40 Patrick St, Aitkenvale is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2007. The property has a land size of 116m2 and floor size of 100m2. While the property is not currently for sale or for rent, it was last sold in November 2023.
Presenting an exceptional opportunity to own or invest in this cosy two-bedroom unit, one of only four within the complex. The property has undergone revitalizing renovations, including a modernized kitchen, while the complex benefits from a brand new roof.
Situated discreetly away from the street, this inviting unit offers a perfect blend of comfort and convenience in a central suburb. It boasts a prime location within walking distance of two major shopping amenities in Townsville, with a public transport route just one street away. Immaculately maintained, the unit features:
The Property
A ground floor apartment nestled in a four-unit complex, ensuring peace and privacy
Fully air-conditioned living areas adorned with stylish tiles throughout
A welcoming open plan living and dining room, providing versatile space
A recently upgraded kitchen equipped with ample cupboard and bench space, blending practicality and aesthetics
Two air-conditioned bedrooms with built-in robes, offering a tranquil retreat
A rear courtyard, perfect for savouring your morning coffee or creating a delightful play area for children
An internal laundry for added convenience
A single lock-up garage accompanied by a storeroom, catering to your parking and storage needs
This unit is currently tenanted until April 2024, generating a steady rental income of $240 per week with an exceptional tenant. However, with a rental appraisal range of $320 to $350 per week, the unit holds potential for increased returns.
Additional details:
Body corporate fees are $4,060 annually
Rates amount to $1,788.20 half-yearly
The Location
Centrally positioned, with Stockland and Centro shopping centres just a leisurely stroll away, ensuring effortless shopping experiences
Medical centres, convenience stores, and public transport options all within easy walking distance, enhancing everyday convenience
In close proximity to Lavarack Barracks, James Cook University, and Townsville Hospital, appealing to a wide tenant base
Conveniently located near a variety of primary and secondary schools, offering a range of educational opportunities
The size of Aitkenvale is approximately 3.3 square kilometres. There are 8 parks, covering nearly 15.5% of the total area. The population of Aitkenvale in 2016 was 4790 people. By 2021 the population was 4797 showing a population growth of 0.2% in the area during that time. The predominant age group in Aitkenvale is 20-29 years. Households in Aitkenvale are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Aitkenvale work in a professional occupation.In 2021, 52.50% of the homes in Aitkenvale were owner-occupied compared with 51.80% in 2016.
Aitkenvale has 2,534 properties. Over the last 5 years, Houses in Aitkenvale have seen a 123.82% increase in median value, while Units have seen a 162.76% increase. As at 31 May 2026:
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