7 Townsend Street, Mysterton

UNDER CONTRACT with Matthew Mandl

Attention developers, renovators and builders! This 756sqm property has an existing, renovated two bedroom home with development approval and plans for another dwelling. Fully fenced corner block with double street access and so close to shops, schools, parkland directly across the road and employment centres this block is ready to go.

CLICK ON SHOW MORE for financial estimates and costings

Existing Queenslander:
- Renovated two bedroom highset with modern fittings throughout.
- Central lounge with beautiful polished timber floors.
- Modern U-shaped kitchen with breakfast bar and dishwasher.
- Single bathroom with separate toilet.
- Secure underneath with room for single parking and walk-in storeroom.
- Internal laundry underneath.
- Fully fenced yard with pedestrian and double gate access.

There are so many possibilities for this block. With the existing house ideally set on its own lot you could explore:
- Building the approved second dwelling.
- Developing the entire block.
- Subdividing into separate lot configurations.
- Hold as a future land bank.

The plans for the new dwelling were drawn and costed by Doble Homes Pty Ltd, one of Townsville's leading builders, for a three bedroom, plus study, highset home facing Townsend St. The plans have been drawn in accordance with council requirements and guidelines. Estimated build costs including sewage/water connections, driveway and crossover, and overall build of the dwelling for $200,000.

To build the new driveway for the existing property as well as a double carport is estimated at $16,000.

The existing dwelling was previously rented for $300/week and would currently rent for approx $300/week. The new dwelling would likely rent for $440/week once completed.

Properties this close to the CBD are a sought after commodity. You are only limited by your imagination as the equity making opportunities are endless.