44 Palmerston St, St James is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1910. The property has a land size of 1032m2 and floor size of 136m2.
DEVELOPMENT OPPORTUNITY
ONE OF THE FEW REMAINING OPPORTUNITIES TO SECURE AN ENTIRE DUPLEX BLOCK IN THIS LOCATION. ? ZONED R80 WITH A LAND AREA OF 696 SQM. ? IT IS THE ENTIRE DUPLEX BUILDING (BOTH SIDES) ON THE ONE SINGLE TITLE. THERE IS THE OPTION OF SUB-DIVIDING TO CREATE TWO DUPLEX HALVES EACH ON THEIR OWN TITLE. (SUBJECT TO MEETING RELEVANT PLANNING APPROVALS) ? POSITIONED BETWEEN THE CBD AND HYDE PARK, BOTH ARE ONLY A SHORT WALK AWAY WITH A VARIETY OF CAFES ALONG THE WAY. ? EACH SIDE CONSISTS OF 3 BEDROOMS, LIVING ROOM, KITCHEN AND ITS OWN BATHROOM. ? SOLID RENTAL RETURN WHILST YOU FINALISE YOUR PLANS FOR THE PROPERTY OR HOLD FOR THE FUTURE. ? EACH SIDE IS CURRENTLY TENANTED ON A FIXED LEASE UNTIL 31 JANUARY 2013 FOR $600 PER WEEK, TOTAL FOR BOTH SIDES BEING $1,200 PER WEEK.
The size of St James is approximately 1.7 square kilometres. It has 11 parks covering nearly 2.1% of total area. The population of St James in 2011 was 4,532 people. By 2016 the population was 4,894 showing a population growth of 8.0% in the area during that time. The predominant age group in St James is 20-29 years. Households in St James are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in St James work in a professional occupation. In 2011, 49.4% of the homes in St James were owner-occupied compared with 50.6% in 2016.
St James has 2,519 properties. Over the last 5 years, Houses in St James have seen a 74.83% increase in median value, while Units have seen a 92.76% increase. As at 31 October 2024:
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