5 Chevallum RoadPalmwoods QLD 4555
Property Details for 5 Chevallum Rd, Palmwoods
5 Chevallum Rd, Palmwoods is a 5 bedroom, 2 bathroom House with 4 parking spaces and was built in 1925. The property has a land size of 1133m2 and floor size of 187m2. While the property is not currently for sale or for rent, it was last sold in August 2021.
Last Listing description (July 2024)
This charming Queenslander, circa 1950's, just a short walk to the village, offers character-filled family-friendly living on a huge 1133m2 block with dual street access, and versatile options that could include subdividing rear block or building a granny flat (stca).
Highset with masses of multipurpose space under including storage, parking, and home office, perfect for a trade or business operation from home. The upper level comprises five bedrooms, two bathrooms, a central kitchen, formal and casual living areas, separate laundry, and a front and back porch.
High ceilings, timber floors, decorative fretwork and ceiling panelling, double shower in ensuite, split system air-conditioning x 3, ceiling fans, gas cooktop, solar hot water, 3.5kW solar power, and salt-chlorinated inground pool, are all features of note, and there's even a delightful white picket fence at the front of the property enhancing street appeal.
At the rear of the property, fronting Nicklin Road, there is a vacant north-facing 450m2 parcel of land which has the potential to be subdivided or on-sold in the near future. You could also build a second dwelling/granny flat for extended family (subject to council approvals). Both possibilities are very 'real' and boost overall value significantlyyou are not just buying a home, but also investing in opportunity to make $$$.
Located just 160-metres to the Palmwoods Bowls Club, where you can enjoy well-priced meals and great company, 170-metres to Kolora Park (duck pond), and a five-minute walk to town and rail convenience is exceptional. Access to Woombye Palmwoods Road is quick and easy connecting you to major arterial routes, and coast beaches are 20 minutes' drive.
Savvy buyers will immediately identify the potential for capital gain in this property, and aficionados of homes of this vintage will also find plenty here to please!
Disclaimer: The information contained in this website has been prepared by eXp Australia Pty Ltd ("the Company") and/or an agent of the Company. The Company has used its best efforts to verify, and ensure the accuracy of, the information contained herein. The Company accepts no responsibility or liability for any errors, inaccuracies, omissions, or mistakes present in this website. Prospective buyers are advised to conduct their own investigations and make the relevant enquiries required to verify the information contained in this website.
Property History for 5 Chevallum Rd, Palmwoods, QLD 4555
- 16 Aug 2021Sold for $800,000
- 15 Jul 2021Listed for Sale Under Contract with Leigh Martinuzzi
- 18 Sep 2017Sold for $590,000
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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 3,011 properties. Over the last 5 years, Houses in Palmwoods have seen a 81.73% increase in median value, while Units have seen a 85.51% increase. As at 31 October 2024:
- The median value for Houses in Palmwoods is $999,351 while the median value for Units is $747,856.
- Houses have a median rent of $660 while Units have a median rent of $540.
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