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Sold on 07 Sep 2024 for $730,000

3 Mary Street
Palmwoods QLD 4555

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 119m2
Land area: 637m2
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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. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 2 bedroom House sold in Palmwoods in the last 12 months.

Building Type
House
Floor Size
119m2
Land Size
637m2

Last Listing description (September 2024)

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
2 bedrooms that are huge
Air-conditioned master bedroom, with security screens and ceiling fans throughout
Rental income of $650 per week with the original home retained.
Walking distance to train and bus stops, with quick access to the highway
Close proximity to schools, day care centers, and community sports facilities

For more information on planning possibilities or to arrange an inspection (by appointment only, as the property is tenanted), please be in touch.

Quay Ring Realty Pty Ltd and Smart Asset Homes Pty Ltd working in conjunction with Amber Werchon.

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Property History for 3 Mary St, Palmwoods, QLD 4555

A timeline of how this property has performed in the market
Last Sold
$730,000
07 Sep 2024
Listed for Rent
$550/w
09 Feb 2022
  • 07 Sep 2024
    Sold for $730,000
  • 09 Aug 2024
    Listed for Sale $730,000
  • 17 Sep 2019
    Listed for Rent - Price not available
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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 3,031 properties. Over the last 5 years, Houses in Palmwoods have seen a 85.65% increase in median value, while Units have seen a 64.99% increase. As at 30 November 2024:

  • The median value for Houses in Palmwoods is $1,025,856 while the median value for Units is $760,033.
  • Houses have a median rent of $668 while Units have a median rent of $540.
There are currently 34 properties listed for sale, and 4 properties listed for rent in Palmwoods on OnTheHouse. According to CoreLogic's data, 159 properties were sold in the past 12 months in Palmwoods.

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Teale Ring
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Rachael Allen
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AMBER WERCHON PROPERTY PTY LTD
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