SOLD
Sold on 16 Jul 2024 for $1,200,000

585 Glastonbury Road
The Palms QLD 4570

Bedrooms: 3
Bathrooms: 2
Car spaces: 10
Floor area: 212m2
Land area: 145500m2
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Property Details for 585 Glastonbury Rd, The Palms

585 Glastonbury Rd, The Palms is a 3 bedroom, 2 bathroom House with 10 parking spaces and was built in 1990. The property has a land size of 145500m2 and floor size of 212m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 3 bedroom House sold in The Palms in the last 12 months.

Building Type
House
Year Built
1990
Floor Size
212m2
Land Size
145500m2
Local Government
Gympie Regional
Lot/Plan
5/SP268325

Last Listing description (March 2022)

This newest homestead to hit the market has been meticulously planned to cater for the equine enthusiast. A generous 35 acres located only a few minutes from town, fully fenced and gated this property offers an abundance of water and is ready to be transformed into your family's lifestyle or business future.

Let's go through all the features.

HOME FEATURES
- A spacious 3 bedroom home that has been 90% renovated with a contemporary modern and stylish makeover.
- New tiling throughout, fresh neutral paint both inside and out compliments its size and enriches the future appeal.
- Main bedroom has a generous walk-in robe and large open ensuite bathroom.
- Kitchen is ample in size and well equipped with a 6 burner stainless steel gas stove and is positioned near the entertaining area
- A wood fired heater in the second living area will warm through the entire homestead.
- Separate main bathroom and laundry still need some further love with minor facelifts.
- Remaining two bedrooms both feature built ins and ceiling fans.
- An insulated undercover entertaining patio with 100+ year old road bridge sleepers give an epic historical and country feel to the homestead.
- The modern heated swim spa will be perfect for relaxing on chilly winter nights or splash in to cool off during summer months.
- Fully lined self-contained 40ft 'caretakers cottage' is separate from the house, this additional area has seen many catered events equipped with an enclosed bar and fridges, rendered brick wood fired pizza oven, prep benches, stainless steel sinks and tap, pool table and all furniture / historic visuals will all be included.
- 2 x 5,000gal rainwater tanks and additional 3,000gal water storage is pump operated for the backyard tap.

ACERAGE FEATURES
- Fully fenced 35 acres with large remote controlled grand entrance electric roller gate
- The largest feature is a full hardwood and steel post 60m x 33m arena entirely covered with appropriate river sand to protect your valuable equine family and best for training applications.
- Another large feature is the 26m x 15m steel highset machinery shed that is set up with a fixed hydraulic car lift and double mezzanine with 15amp power throughout
- Steel fenced round yard set up behind the caretaker accommodation.
- Fully powered double colorbond stables positioned behind the house are the best vantage point to keep an eye on your four legged friends.
- 4 dams service the property for ample water usage.
- Located at the rear of the property is a permanent "OPTUS/NBN" telecommunications tower, this has 15 years left of a 20-year lease, you WILL earn $17,000 income paid to you annually compounding at 3% per year.

There is so much to see at this property and it could be transformed into a profitable equine / dressage training facility as all main structures are already in place. With 35 acres available, this functional homestead is an attractive opportunity to encompass and establish a home-based family run business.

Call Derek Seth today to arrange your private inspection.

Property History for 585 Glastonbury Rd, The Palms, QLD 4570

A timeline of how this property has performed in the market
Last Sold
$1,200,000
16 Jul 2024
  • 16 Jul 2024
    Sold for $1,200,000
  • 16 Aug 2021
    Sold for $940,000
  • 29 Jun 2021
    Listed for Sale UNDER CONTRACT/OFFER
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About The Palms 4570

The size of The Palms is approximately 15.7 square kilometres. It has 2 parks covering nearly 1.8% of total area. The population of The Palms in 2011 was 865 people. By 2016 the population was 1,004 showing a population growth of 16.1% in the area during that time. The predominant age group in The Palms is 50-59 years. Households in The Palms are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in The Palms work in a trades occupation. In 2011, 86.2% of the homes in The Palms were owner-occupied compared with 85.8% in 2016.

The Palms has 483 properties. Over the last 5 years, Houses in The Palms have seen a 115.11% increase in median value, while Units have seen a 435.95% increase. As at 30 September 2024:

  • The median value for Houses in The Palms is $741,208 while the median value for Units is $707,580.
  • Houses have a median rent of $550.
There are currently 2 properties listed for sale, and no properties listed for rent in The palms on OnTheHouse. According to CoreLogic's data, 28 properties were sold in the past 12 months in The palms.

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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.