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Kirwan – Top Price Property Of The Week – 1 Crown Close – $655,000

Kirwan - Aerial View of 1 Crown Close

This week’s property – 1 Crown Close Kirwan

This week’s residential property Top Price Winner of the Week is an executive home with grandeur and action-packed features perfect for a large family. The home was built by owner-builder, Wayne Edwards Homes in Kirwan.

The home has four bedrooms plus study with swimming pool, 4 bathrooms and accommodation for 6 vehicles.

Kirwan - Swimming Pool of 1 Crown Close
Image: Swimming Pool of 1 Crown Close Kirwan Photo: Explore Property

With shops and schools within a short distance, this gorgeous property is ideal for a large family, serving the Edwards family well for close to 19 years.

This 797m2 corner block is less than 1.5 kilometres from three highly regarded schools, two of which are Christian private schools.

The property sold for $655,000 well above the median price for houses in Kirwan currently sitting at $315,000.

Experienced real estate agents, Dean and Stephanie Dank from Explore Property, who also featured in last week’s top price property of the week, said; “you should see the beautiful home I sold in Kirwan”.

TREN spoke with Mr. Dank last week about the unit he sold in North Ward, and he couldn’t hold back his excitement about the Kirwan property also.

Mr. Dank even thought we had jumped the gun and had contacted the veteran Townsville agent about the sale of this signature home in Kirwan, when in fact we had contacted him initially about the great news of the North Unit.

Mr. Dank for two consultative weeks now has described the top price property of the week for TREN.

And I’m sure our readers will agree, looking at the description and the excellent photographs Mr. Dank provided, our readers can sense the passion, pride and excitement that Mr. Dank and Ms. Dank felt during their marketing campaign and their discussion with TREN.

When TREN caught up with Mr. Dank last week he said, “Sales have really picked up in Townsville in the past 12 months.” He proceeded to describe the property this way.

The Property

“This luxurious streamlined home is not only a sensational showpiece, but also a highly detailed and practically appointed residence spanning over two levels with generous spaces both inside and out.

“This home provides multiple options for rest, work and play and offers enduring style and character that will more than satisfy the most demanding family. This amazing residence is the creation of owner builder Wayne Edwards Homes and has been built and designed with a reflection of resort style influence and the desire for much-needed space and relaxation for all.

Kirwan - Kitchen of 1 Crown Close
Image: Kitchen of 1 Crown Close Kirwan Photo: Explore Property

“Situated on a 797 sqm corner allotment in the much sought after suburb of Willow Gardens. Perfectly positioned in a family friendly Court within walking distance to Willows Golf course, 1300 Smiles Stadium, Ryan Catholic College and only minutes to Reading Cinemas, Willows Shopping centre and a short drive on the ring road to Townsville Hospital, Lavarack Barracks and JCU.

“You will find beautiful park lands adjacent with walkways surrounding, perfect for the morning stroll with the beloved pet or simply to relax.

“This spectacular home holds an abundance of stunning features with the use of modern architectural design throughout. This amazing property is that of a stunning Hollywood home with dual street drive through portico entry leading up to the large timber French doors with an equally impressive lobby style entrance with Balinese resort style influences throughout.

“Imagine living within a permanent holiday on a daily basis.

“The ground level comprises of a large sunlit office with ease of access to the front of the property, just perfect for working from home. There is also a well-appointed laundry with linen press and adjacent storage area under the stairwell.

“The heart of this beautiful property is the open plan main living zone encompassing the state of the art chef’s style kitchen and large living dining area. The well appointed kitchen has stainless gas appliances and showcasing 2-pac cabinetry with crisp white tones and island bench. This zone also has a recessed area for the TV cabinet so the floor space can be fully utilized. There is also a gas fireplace to add to the ambiance of this amazing area. The addition of a large games room/media, home theatre area makes this property a perfect entertainer.

Commercial Property Report
Commercial Property Report

“The ground level also has two well-appointed bathrooms, one being a floor to ceiling tiled Roman style bath/ shower with top grade fixtures and fittings. The second bathroom is accessed via the outdoor area with shower and toilet perfect for parties and entertaining.

“Ascend to the upper level via timber staircase to gleaming hardwood timber floors and you will find four well appointed double sized bedrooms all showcasing BIR’s.

“The master retreat is of grand proportions with his and her style separate wardrobes, and sharing open plan design with the en-suite featuring double vanity, separate toilet and shower and overlooking the room is the central spa – just imagine relaxing here? Off the master is a partially enclosed patio with floor to ceiling louvers to bring the outside in. A perfect relaxation domain with an adjoining tiled outdoor patio just waiting for the morning cuppa and paper.

“The fourth bathroom and toilet are also on this level so guests and large families are catered for. The partially enclosed portico is also accessible from the other bedrooms so a possible kids retreat/ play area the ideas are endless.

“From the outdoor patio there is an external stairwell that leads to an outdoor paradise. The home has an exciting vibe from the moment you enter to the moment you exit to the rear with a selection of outdoor living zones that surround the formal contemporary pool with water fall feature and tropical gardens.

“The home also features a home sauna so why would you need to holiday when this is a reality most would aspire to own right here.

“The home features a double garage, side access and carport space to accommodate up to 6 vehicles or maybe boat or van in the off season. With the addition of a well-appointed workshop what more could the home handyman want?

“In summary, these are the key features of this dream property:

* 4 Bedrooms + study 5th bedroom
* 4 bathrooms
* 4 toilets
* Gas fireplace
* 2 car garage, carport for up to 4 vehicles
* Chefs style kitchen with 2pac cabinetry and gas stainless appliances
* Fresh paint throughout
* Fully AC with Ceiling fans throughout
* 5 kW solar system
* Sauna
* Formal pool with waterfall feature
* Combination timber and tiled floors
* Internal and external storage
* Master retreat with spa and his and hers vanity and robes
* Dual outdoor living zones
* Partially enclosed patio
* Theatre/media games room
* Open plan kitchen, dining family living
* Workshop

“The features of this home are endless and need to be seen to be appreciated.”

Investment profile

The suburb of Kirwan is the largest suburb by population in Townsville with 21,418 residents. The population has an average annual income per person of $1,489 per week based on the 2016 Census.

The suburb has a current median house price of approximately $315,000. Just twelve 12 months ago the suburb recorded a median house price of $325,000, which represents a -3.1% drop in the median house price for the suburb.

Kirwan - Rumpas of 1 Crown Close
Image: Rumpas of 1 Crown Close Kirwan Photo: Explore Property

However, the unit price, taken from a significantly smaller sample, has a median price of approximately $260,000. Twelve months earlier in Kirwan, the medium price was $250,000 which represents a 3.9 increase in the suburb’s median price.

Kirwan has a greater stock of houses than there are units. In August 2016, the suburb had 7,986 private dwellings. Eighty-eight percent of the dwellings are separate houses. Ten percent are units or townhouses and 0.9 percent is flats or apartments. Eighty-nine percent of dwellings have 3-4 bedrooms.

37.7 percent of dwellings in the sprawling suburb are owned with a mortgage, while 36.4 percent are rented and 23 percent are owned without a mortgage. Kirwan is a very popular location for families, comprising 77.3 percent of all households.

The median rent in Kirwan is $310 per week. Kirwan is a fairly affluent area with approximately 88 percent of households whose rent is less than 30 percent of their entire income.

The average mortgage payment per month in the suburb is $1,690. And again, over 90 percent of households with a mortgage spend less than 30 percent on mortgage payments per month.

Achieving a sale price of $655,000, the weekly top price property at 1 Crown Close Kirwan will impact the median sale price for the area as it is $340,000 above the current median sale price for houses in the suburb.

The Townsville market is showing signs of a recovery on the back of increased business confidence, development stimulation and industry investment.

The vendors purchased the property in February 1998 as a block of land and build the home themselves.

The owners purchased the land for $65,000. The cost of the build is not available, but as an owner-builder the costs per square that would usually be priced to determine capital expenditure is not comparable. The owner-builder has held the property for 19 years.

Over the past 12 months, the median price in Kirwan for houses has decreased -3.1 percent from $350,000 to $315,000. Over the past 5 years, the suburb has experienced a -10 percent decrease in house prices.

Between July 2016 and August 2017, approximately 280 house sales and 20 unit sales have occurred in Kirwan.

The median rental price for houses in Kirwan is $320 per week. However, the 2016 Census identified the average weekly rent paid for all dwelling classes in Kirwan was $310 per week.

The rental yields for houses in Kirwan are 5.3 percent. Units show a rental yield of 5.0 percent. Over the past 5 years, house rental yields have declined from 5.3 percent and units have also declined from 5.2 percent.

The demographic profile of Kirwan is a mixed market but predominantly older and established couples with families contributing approximately 57 percent of the population. Approximately 28 percent are independent youth through to the elderly who are also living independently.

Kirwan is well known as the home of the North Queensland Cowboys and the 1300Smiles stadium at Willows. Kirwan is also the location where during World War II American and Australian airmen and servicemen were flying bombers against the Japanese invasion forces from the Bohle River airfield situated in the current area of the Willows housing estate.

Further reading:

Agricultural and water security boost for North Queensland; Hells Gayte Dam $2.2 million feasibility study 

Magnetic Island – Top Price Property Winner of the Week – 3-5 Endeavour Road – $520,000

Durie Is Out! Gay And Green Thumb Poster-Boy Snapped Duplicity Of Premier On Townsville Water Security

Veteran Diggers Fall Victim To National Housing Scheme Spruiker

First home buyers grant “pitted” by the Queensland Treasurer

Townsville sold out by PM Turnbull Smart City Deal

Guide to selling a luxury home

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Aaron M, Editior
Aaron is the founder and editor of TREN eMagazine with 15 years experience in the real estate industry investing and helping investors seek value, leverage value and capitalise on value, developing professional and technical skills and capabilities that have enabled his success in business from startups, adoption, asset growth, management and community leadership projects. Aaron also loves travelling, sports, his partner Jodie and helping people discover their "why" and find their few "what's" in life that realise the "wows. The " www" in www.townsvillerealestatenews.com.au is one of his why, what and wow's that strive to add valuable content and analysis for readers to participate and win.
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