Positioned in one of Townsville City's most desirable waterfront precincts, this well-presented apartment offers an exceptional opportunity to secure a low-maintenance investment with immediate rental income and long-term security. Located within the sought-after Melton Terrace complex, this two-bedroom apartment enjoys a prime location just moments from the CBD, The Strand, Queensland Country Bank Stadium, restaurants, cafes, and entertainment precincts. Whether you're looking to expand your investment portfolio or secure a property in a tightly held location, this is an opportunity not to be missed. With a tenant already in place until 6 January 2027, investors can enjoy peace of mind knowing the property is generating income from day one without the costs and uncertainty of finding a new tenant. Property Features: • Two bedrooms with built-in wardrobes • Dedicated car space • Open-plan living and dining area • Functional kitchen with ample storage • Air-conditioning for year-round comfort • Private balcony to enjoy the tropical lifestyle • Low-maintenance apartment living • Highly sought-after CBD location • Walking distance to restaurants, cafes, shopping and entertainment • Tenanted until 6 January 2027 • Asking Price: $505,000 Melton Terrace continues to be one of Townsville's most tightly held apartment locations, offering residents the perfect balance of city convenience and lifestyle appeal. With strong rental demand, excellent proximity to major employers, and ongoing investment in the Townsville CBD, this property represents a smart addition to any portfolio. Whether you're a seasoned investor or entering the market for the first time, opportunities to secure quality property in this location are becoming increasingly difficult to find. Contact Evolve Realty Group today for further information or to arrange your inspection.
RealistIQ deal score
Neutral value signal
13
/100
Review the estimated value range, comparable sales, suburb trends, and market signals for 4/23 Melton Terrace, Townsville City before you inspect or make an offer.
Independent price check
Estimate vs market price guide
Market price guide is close to RealistIQ estimate
Use this as a second opinion and check the comparable sales below.
RealistIQ estimate range: $394,000 - $614,000Wider ranges mean more uncertainty.
RealistIQ estimate$504,000
Market price guide$505,000
$394,000$614,000
Before you inspect, check what similar properties actually sold for.