30 Rose St, North Ward is a 2 bedroom, 12 bathroom Unit with 13 parking spaces and was built in 1980. The property has a land size of 2605m2. While the property is not currently for sale or for rent, it was last sold in May 2025.
The Townsville property market continues to grow at an unprecedented rate and opportunities are becoming harder to find especially a complete set of units in one line. Gulls 30-32 Rose Street North Ward is one such property and presents an outstanding opportunity for those looking to invest in generational holdings.
Set on 2,605m2 the complex has 11 x 2-bedroom units, each with its own living, dining, kitchen, bathroom, laundry, and covered car park. The 12th unit was designed as the managers unit with 3-4 bedrooms, a large living dining area, car parking and courtyard. The complex was built as short term accommodation and does not require any further registrations to be used again for motel or BnB style accommodation. Currently let as a mix of individual, long term accommodation and some short term the property is returning a modest 7.3% approx. gross ROI however this is under let and we believe returns, as a long term rental, should be in the vicinity of 9.8% approx. gross. Should the property be returned to short term, hotel or BnB style accommodation the ROI would be significantly higher and the value of the property would also be significantly higher given the value as a viable business would need to be factored. There is a large capacity solar system that feeds the entire complex with each unit individually metered to meet legislation enabling the tenancy to be billed for usage.
The size of North Ward is approximately 2.4 square kilometres. There are 8 parks, covering nearly 19.0% of the total area. The population of North Ward in 2016 was 5065 people. By 2021 the population was 5073 showing a population growth of 0.2% in the area during that time. The predominant age group in North Ward is 20-29 years. Households in North Ward are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in North Ward work in a professional occupation.In 2021, 40.20% of the homes in North Ward were owner-occupied compared with 35.20% in 2016.
North Ward has 3,959 properties. Over the last 5 years, Houses in North Ward have seen a 42.27% increase in median value, while Units have seen a 88.41% increase. As at 31 May 2026:
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