Rhodes St, Heatley QLD
Located in Heatley, this well-presented three-bedroom home offered an opportunity to secure an established residential investment in Townsville. Set on a generous 607sqm block, the property combines comfortable family living with versatile additional space, a swimming pool and established outdoor areas.
$555,000
July 2025
Tender
Residential Investor
$110,000
3, 1 & 2
$120,000
22%
1.45%
17.43%
Why This Property
Acquired for $559,000 in June 2025, the property features three bedrooms, one bathroom and two parking spaces, alongside a spacious kitchen and open-plan living and dining areas. The fully enclosed downstairs area provides additional flexibility for a games room, teenage retreat or home office, while the swimming pool, mature gardens and outdoor entertaining space enhance its lifestyle appeal. Solar panels and air conditioning add further practical benefits for tenants. The property was subsequently leased for $550 per week in July 2025, representing an initial gross rental yield of approximately 5.1% based on the purchase price. With established amenities nearby and a versatile family-friendly layout, the property offered an opportunity to combine rental income with potential long-term capital growth in Townsville’s residential market.
About Heatley
Heatley presents an opportunity for property investors looking to enter the Townsville market at a range of price points. The suburb benefits from established community infrastructure, including Heatley Secondary College, local recreational spaces and convenient access to major retail destinations such as Stockland Townsville and Willows Shopping Centre. Its established housing stock and proximity to Townsville’s employment, education and commercial hubs support its appeal to families and other long-term renters. With a combination of accessible property options and an established residential base, Heatley offers investors the opportunity to explore rental yield and capital growth potential within the broader Townsville property market.
Local Government Area

Ryan May
Buyers Agent
Ryan May is a highly accomplished and experienced property investor and Buyers Agent, with a personal portfolio valued at over $5.5 million, spanning across 5 different states throughout Australia.
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