House high on the hill hits sales jackpot

The home at 48 Victoria St, North Ward. Picture: Supplied

A landmark residence on Castle Hill has sold for an undisclosed amount, believed to be the highest price paid for a home in Townsville this year and the second highest on record.

The six-bedroom mansion at 48 Victoria St, North Ward, was listed for sale last month for offers over $5.5m.

Selling agent Janice Gallagher, of Janice Gallagher Real Estate, said a local family snapped up the property within a week of it hitting the market.

“It sold pretty much immediately,” she said.

“And there were three or four other groups wanting to buy it, too.”

The property last sold in 2022 for $4.5m, making it the second most expensive home sale in Townsville at the time, alongside the $4.5m sale of 6 Palm St, Rowes Bay, in 2021.

The most expensive house to sell in Townsville was 32 Stirling St, Castle Hill, which changed hands for $6m in October 2020.

The luxury home looks out to stunning ocean views. Picture: Supplied

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Ms Gallagher said the “immaculate” home at 48 Victoria St attracted strong interest from buyers as well as the general public.

“I would say it is the best house in Townsville,” she said.

“It is immaculate – you don’t have to do anything to it.

“There’s nothing not to love in that house and everything is on a grand scale.”

The prestige property sits on a 1530 sqm block and has 1400 sqm under roof across four levels.

The home features wraparound ocean views, custom cabinetry, natural stone, travertine tiling and a resort style swimming pool.

The home has luxury fittings and fixtures throughout. Picture: Supplied

The Victoria St sale was the latest in a string of multimillion-dollar deals in the Townsville property market this year.

The historic home at 352 Stanley St, North Ward, sold for $3.25m in March, 48 Yarrawonga Drive, Castle Hill, sold for $2.85m in February, 1 Edinburgh Ct, Castle Hill, sold for $2.65m in May and 27A Carter St, North Ward, sold for $2.5m in April.

Ms Gallagher said demand in Townsville’s prestige market had been strong in the last few months, though supply was tight.

“(The sale of 48 Victoria St) shows the Townsville market is very buoyant and people have confidence in the city,” she said.

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