21 June 2017

Top Price Property of the Week - $955,000 - 18 The Point Castle Hill

Image: 18 The Point Castle Hill Photo thanks: Lyn and Rohan, Remax
This week’s winner
18 The Point Castle Hill
This week’s residential property Top Price Winner of the Week has all of the features that family buyers dream about when looking for a great home; beautiful views, plenty of space for his and her privacy, living space for mum and dad and the kids and a plenty of facilities to accommodate and entertain special guests from time to time.
Castle Hill is arguably the most prestigious suburb in Townsville because of its elevation overlooking the Great Barrier Reef and Islands and the short distance to the City's business district and tropical beaches.
The property sold for $955,000 which is $130,000 above the current median house price at $825,000 for the suburb.
The pinnacle of Castle Hill and the world-heritage listed landmark is 286 metres above sea level.
Dynamo property marketing duo, Lyn Griffiths and Rohan Banning from Remax describe the features and benefits of the property this way.
The property
This double storey Castle Hill residence also features a basement level which gives the man of the house his 'shed' or it could be a future granny flat. It boasts a quality finish and interesting views throughout the day and night, the sales agents said.
The main home is set over 2 levels and the layout is perfect for those families with older teens, or elderly parents. The property is featured packed including:
Image: Pool, 18 The Point Castle Hill
Photo thanks: Lyn and Rohan, Remax
  •            4 king size bedrooms
  • ·       3 large bathrooms, including master bedroom en-suite
  • ·         Open plan living and dining upstairs
  • ·         Extra living room on the lower level with direct access to pool area
  • ·         Awesome kitchen featuring BOSCH appliances (induction cooktop, electric oven, dishwasher) granite benchtops, well designed storage drawers and a large corner pantry
  • ·         Tiled entertainment area boasting stunning views
  • ·         Private in-ground pool with views
  • ·         Double (high clearance) lock up garage, with additional hardstand for off-street parking
  • ·         Generous storage cupboards throughout
  • ·         Exposed timber staircase in entry foyer
  • ·         Fully tiled throughout
  • ·         Internal laundry and kitchenette
  • ·         Insect and security screens throughout
  • ·         Fully air conditioned (split systems)
  • ·         Ceiling fans throughout
  • ·         Lush, irrigated gardens and lawn
  • ·         Well utilized 717 sqm block
  • ·         Fire-pit with built in seating
  • ·         40+ sqm basement level for workshop, storage, man-cave


The lower (entry) level is fully tiled and includes a formal entry, large central lounge room, generous storage, 2 large bedrooms, outdoor area, large full size bathroom, separate toilet and the combined laundry and kitchenette.
This level flows directly out onto the pool deck that features glass balustrade which shows off a gorgeous in-ground pool and waterfall, and a full length tiled patio with views and room to relax.
The high clearance double garage (with remote controlled panel lift door) has direct entry into the main foyer giving you direct access from your car to the home.
An exposed timber feature staircase takes you to the upper level which opens on one side to the remaining 2 bedrooms and bathrooms, and on the other side into an enormous open plan living and dining space which will make you feel instantly at home!
The master bedroom has its own private balcony, walk in robe and deluxe en-suite with double basins, wide vanity mirror and corner bath.
The last of the 4 bedrooms is at the opposite end of the adjoining hallway and includes a wall of mirror door built-ins and views to Castle Hill. Add to this area, the third bathroom and separate toilet and all we have left to explore on this level are the expansive living areas!
The living area is the hub of the upper level and encompasses a large lounge room, central dining area, casual sitting area and a massive high quality kitchen.
Image: Living and kitchen, 18 The Point Castle Hill
Photo thanks: Lyn and Rohan, Remax
Anywhere you turn on this level you are greeted by extensive views out of any of the windows!
The kitchen has been thoughtfully designed and ensures that any cook remains in the middle of the action as they prepare meals. It features granite benchtops, an island bench, generous storage drawers throughout, double sinks, a large plumbed fridge space, BOSCH dishwasher, induction cooktop and electric oven, plus there is plenty of room for a convection microwave and much more.
You'll never be left wanting for storage space within this kitchen, especially when you add in the large corner pantry!
The basement level of the home is accessed just across the lawn from the fire-pit and is secured by a roller door. This area is 40+ sqm and houses all of the air conditioning compressors, hot water system, pool filter equipment and much more.
You can create the ultimate man-cave, use it as a shed, convert it into a granny flat or just keep it as it is. At the back of the home, you'll find a lovely lush and flat lawn and garden with established trees and shrubs (and more of those lovely views).
In addition to this, there is an extra area within the block which is shaded and cool and features a myriad of fruit trees (mulberry, avocado, lemon, lime, paw paw) and an impressive herb garden!
You will search for a long time to find a home built as solid as this Ms. Griffith and Mr. Banning said in their online listing.
It sits high on the block and this also means you capture extra breezes and have more privacy than most, the couple said.
Investment profile
TREN's research has identified that the suburb of Castle Hill is the second most prestigious suburb in Queensland with a population of approximately 1000 people as recorded in the 2011 sensis.
Much of Castle Hill is a nature reserve but the sub-division of Yarrawonga, which was developed in 1983, covers an area of approximately 33 hectares on the north-eastern side of the Hill.
The suburb has a current median house price of $825,000 and over the past 12 months has recorded a median house price from $925,000 at the end of 2015 to $788,000 to the end of 2016.
Due to the low volume of sales data, just 16 sales in 2016, and a relatively small population sample in the suburb, Castle Hill is susceptible to anomaly sales because of the variations in sale prices that can sometimes occur with a limited pool of available information.
Achieving a sales price of $955,000, number 18 The Point will have a positive impact on the median sale price for the area as it exceeded the suburb year to date median house price of $825,000.
Image: Garden and firepit, 18 The Point Castle Hill
Photo thanks: Lyn and Rohan, Remax
Castle Hill is a destination suburb for its lifestyle. The suburb sales continuum has been very patchy over the past five years, making the median sale price out of reach for most investors. No recorded sales exist for 2011 and 2013.
On the back of just 10 sales, the median price for the suburb in 2012 reached $1.07 million and then dropped back $873,000 in 2014 off the back of just 10 sales. Over the past 18 months, the median house price has declined by 11 percent.
The median house rental price in Castletown is $585 per week. No data exists for units.
The residential rental yield for houses in Castle Hill is 3.7 percent. Over the past 12 months, 12 rental houses have been tenanted. Only 7 houses are advertised on the market for rent today at the time of our research.
The demographic profile of Castle Hill attracts older established couples with families making up 54 percent of the suburb, while matured aged buyers make up 8.5 percent.
Castle Hill is not affordable for the majority of buyers in the Townsville market. Young families make up just 2 percent of the population.

Castle Hill the landmark was named in 1864 by early explorers. In its early history, the area was known based on its Aboriginal place name of Cootharinga, which is one of only two areas in Townsville named by local aboriginals.

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