55 Mitchell Street NNorth Ward QLD 4810
Property Details for 55 Mitchell St N, North Ward
55 Mitchell St N, North Ward is a 8 bedroom, 4 bathroom Unit and was built in 1940. The property has a land size of 496m2 and floor size of 87m2. While the property is not currently for sale or for rent, it was last sold in August 2025.
Last Listing description (September 2026)
Opportunities to secure an entire block of units in North Ward don't come along every day - particularly one offering four established tenancies and an immediate income stream from day one.
Positioned on a 496sqm allotment, 55 Mitchell Street comprises four self-contained two-bedroom, one-bathroom units, with two positioned upstairs and two downstairs. All four units are currently leased, creating a combined rental return of $1,720 per week and making this a compelling proposition for investors looking to secure a multi-income asset in one of Townsville's most consistently sought-after inner-city locations.
North Ward continues to hold strong appeal thanks to its proximity to The Strand, Townsville CBD, Castle Hill, schools, cafes, restaurants and everyday amenities. With four separate income streams under the one holding, this is an opportunity that deserves serious consideration.
Lease Details at a Glance:
Unit 1: $430 per week leased until 15 March 2027
Unit 2: $430 per week leased until 1 February 2027
Unit 3: $430 per week leased until 15 February 2027
Unit 4: $430 per week leased until 14 December 2026
Property at a Glance:
- Entire block of 4 x two-bedroom, one-bathroom units
- 2 spacious units upstairs and 2 spacious units bottom level
- Positioned on a 496sqm corner allotment
- Externally repainted in the last 12 months
- Highly sought-after North Ward location
- Convenient access to The Strand, CBD, Castle Hill and surrounding amenities
- Weekly gross rental yield of $1,720
- Annual gross rental yield of $89,440
- Council Rates approximately $8,276 per half year
Whether you're looking to expand an existing portfolio or secure a substantial multi-unit holding in a blue-chip Townsville location, 55 Mitchell Street presents an increasingly hard-to-find investment opportunity with income already in place.
Contact Lily Staib or Adrian Raiteri today for further information or to discuss this outstanding North Ward investment opportunity.
Disclaimer: While all care has been taken to ensure the information provided herein is correct, we do not take responsibility for any inaccuracies, and we accept no liability for any errors or exclusions (including but not limited to a property's land size). Accordingly, all interested parties should make their own enquiries and obtain their own legal advice.
Property History for 55 Mitchell St N, North Ward, QLD 4810
- 19 Aug 2026Listed for Sale $1,199,000
- 21 Aug 2025Sold for $950,000
- 30 Jun 2020Listed for Rent $220 / week
Recent sales nearby
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0About North Ward 4810
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 3,957 properties. Over the last 5 years, Houses in North Ward have seen a 33.96% increase in median value, while Units have seen a 81.13% increase. As at 31 August 2026:
- The median value for Houses in North Ward is $993,299 while the median value for Units is $560,597.
- Houses have a median rent of $620 while Units have a median rent of $500.
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