34 Palmerston StreetPimlico QLD 4812
Property Details for 34 Palmerston St, Pimlico
34 Palmerston St, Pimlico is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 809m2 and floor size of 161m2. While the property is not currently for sale or for rent, it was last sold in February 2026. There are other 4 bedroom House sold in Pimlico in the last 12 months.
Last Listing description (February 2026)
In the vibrant heart of Pimlico, a unique opportunity stands for families, multi-generational living or astute investors. This home, set on an expansive 809m2 block, offers a versatile layout that caters to a variety of lifestyles and needs.
Offering two completely separate residences under one roof, this property eliminates the biggest investment headache: Body Corporate Fees.
Whether you are an investor seeking a "set and forget" dual-income fortress, or a family needing a premium "Granny Flat" solution for aging parents, the quality and configuration here are unmatched.
THE CONFIGURATION
• RESIDENCE A (The family home): A 1940's Queenslander featuring two bedrooms, one bathroom and large 6 x 9 powered shed. Open-plan living featuring polished timber floors, casement windows and ornate details.
• RESIDENCE B (The Self-Contained Unit): A split block completely private two bedroom, one bathroom residence. Tiled throughout for easy low maintenance living.
THE FINANCIAL LOGIC
• The "Mortgage Helper": Live in residence A and rent out the residence B. The rental income could pay a massive chunk of your mortgage interest.
• Multi-Generational Solution: The perfect, high-quality solution for keeping young teenagers or elderly parents close and secure on ground level, while maintaining complete independence.
• The Investor's Dream: Two rental checks from one freehold asset.
NEED TO KNOWS
Four bedrooms
Two bathrooms
Galley style kitchens
Large deck to upper level
Oversized rear undercover area with laundry space
Open double carport with double gates for rear access
6 x 9 with powered shed with 32A single phase to rear or block
6.6KW solar system on a 5KW invertor
Large 809m2 landscaped block
Fully Fenced
PROPOSED RENTAL INCOME:
• Residence A & B Combined - $820.00 to $870.00 per week
RATES:
$2255.00 per half year
THE LOCATION
Located in the highly sought-after suburb of Pimlico, this property is just minutes away from shopping centres, schools, hospitals and other amenities. With easy access to major roads and highways, commuting to work or exploring the city has never been easier.
Kya Faust
0432 486 900
Luke Need
0432 772 223
Property History for 34 Palmerston St, Pimlico, QLD 4812
- 03 Feb 2026Sold for $810,000
- 22 Jan 2026Listed for Sale Offers over $799,000
- 29 Nov 2022Transferred for $170,000
Recent sales nearby
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0About Pimlico 4812
The size of Pimlico is approximately 1.2 square kilometres. It has 5 parks covering nearly 6.2% of total area. The population of Pimlico in 2016 was 2460 people. By 2021 the population was 2557 showing a population growth of 3.9% in the area during that time. The predominant age group in Pimlico is 30-39 years. Households in Pimlico are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Pimlico work in a professional occupation.In 2021, 39.90% of the homes in Pimlico were owner-occupied compared with 39.70% in 2016.
Pimlico has 1,621 properties. Over the last 5 years, Houses in Pimlico have seen a 100.19% increase in median value, while Units have seen a 119.91% increase. As at 30 April 2026:
- The median value for Houses in Pimlico is $659,559 while the median value for Units is $428,877.
- Houses have a median rent of $550 while Units have a median rent of $395.
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