78 Palmerston StreetNorth Lakes QLD 4509
Property Details for 78 Palmerston St, North Lakes
78 Palmerston St, North Lakes is a 3 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 487m2. While the property is not currently for sale or for rent, it was last sold in October 2017.
Last Listing description (August 2023)
Alex Graham is excited to present what might just be, the best investment opportunity in Brisbane! This parcel of land offers the potential to build a duplex situated on 1 title with no body corporate fees, amazing predicted rent returns and the fantastic tax benefits this type of investment offers!
With all this on offer in one of Australia's fastest growing suburbs, this opportunity really stands out above all other investment opportunities. The exponential future growth, amazing rental returns and tax break this opportunity afford are just some of the many benefits this beautifully located block of land that is so close to train stations, schools and shops has to offer.
With current approval and plans to potentially build* Two Units, each Comprising of:-
- 3 large bedrooms
- 2 bathrooms
- Spacious open plan living and dining areas
- Large kitchen
- $380/week with no Body Corporate Fees*
- One heck of an investment opportunity!
Please also see that Similar properties are currently renting at $380 per week, and we all know how much the rent and value of properties that make great investment has shot up in North Lakes over the past 10 years!
Don't miss out, call Alex on 0468 916 069
*Based on current build approval and plans owned by current owner that can be purchased. The rental returns are based on current market value on comparable properties currently rented in the area.
Property History for 78 Palmerston St, North Lakes, QLD 4509
- 01 Aug 2023Listed for Sale Not Disclosed
- 10 Oct 2017Sold for $305,000
- 30 Aug 2017Listed for Sale $309,000+
Recent sales nearby
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About North Lakes 4509
The size of North Lakes is approximately 11.6 square kilometres. There are 54 parks, covering nearly 18.8% of the total area. The population of North Lakes in 2016 was 21671 people. By 2021 the population was 23030 showing a population growth of 6.3% in the area during that time. The predominant age group in North Lakes is 10-19 years. Households in North Lakes are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in North Lakes work in a professional occupation.In 2021, 59.10% of the homes in North Lakes were owner-occupied compared with 54.80% in 2016.
North Lakes has 9,241 properties. Over the last 5 years, Houses in North Lakes have seen a 77.86% increase in median value, while Units have seen a 112.29% increase. As at 31 August 2026:
- The median value for Houses in North Lakes is $1,110,633 while the median value for Units is $820,602.
- Houses have a median rent of $700 while Units have a median rent of $650.
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