FOR SALE
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3 Mary Street
Palmwoods QLD 4555

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 119m2
Land area: 637m2
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Your Next Investment: Character Cottage with Subdivision Potential

Amber Werchon Property is delighted to present this charming 1960s worker's cottage, an ideal opportunity for astute investors looking to capitalize on a property brimming with potential.
Situated just behind the well-known Rick's Garage, this inviting 2-bedroom home sits on a 637m2 block zoned for medium density. The open-plan living area, polished timber floors, and bright, neutral décor create a warm and welcoming environment.
The property is perfectly positioned in the vibrant railway town of Palmwoods, within easy walking distance to the local bus and train stations, a diverse selection of eateries and coffee shops, and essential community amenities like schools, day care centers, and public sporting facilities. With the town's thriving business scene and a new large-chain supermarket potentially on the horizon, there's a steady demand for rental properties in the area.
Preliminary planning inquiries suggest the potential to subdivide the block, with options for:
2.73 to 4.56 one-bedroom dwellings
1.91 to 3.19 two-bedroom dwellings
1.42 to 2.36 three+ bedroom dwellings
Or a combination of the above configurations (STCA)
What We Love:
Light-filled and airy cottage with polished timber floors
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Property Details for 3 Mary St, Palmwoods

3 Mary St, Palmwoods is a 2 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 637m2 and floor size of 119m2. The place is currently for sale with Amber Werchon Property Mooloolaba.

Building Type
House
Floor Size
119m2
Land Size
637m2

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About Palmwoods 4555

The size of Palmwoods is approximately 23.9 square kilometres. It has 24 parks covering nearly 4.7% of total area. The population of Palmwoods in 2011 was 5,491 people. By 2016 the population was 5,660 showing a population growth of 3.1% in the area during that time. The predominant age group in Palmwoods is 10-19 years. Households in Palmwoods are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Palmwoods work in a professional occupation. In 2011, 74.2% of the homes in Palmwoods were owner-occupied compared with 75.8% in 2016.

Palmwoods has 3,016 properties. Over the last 5 years, Houses in Palmwoods have seen a 80.65% increase in median value, while Units have seen a 75.13% increase. As at 31 August 2024:

  • The median value for Houses in Palmwoods is $987,750 while the median value for Units is $709,469.
  • Houses have a median rent of $650 while Units have a median rent of $590.
There are currently 30 properties listed for sale, and 5 properties listed for rent in Palmwoods on OnTheHouse. According to CoreLogic's data, 168 properties were sold in the past 12 months in Palmwoods.

Suburb Insights for Palmwoods 4555

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Teale Ring
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Rachael Allen
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Amber Werchon Property Mooloolaba
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.