4 Palmerston StreetPimlico QLD 4812
Property Details for 4 Palmerston St, Pimlico
4 Palmerston St, Pimlico is a 8 bedroom, 4 bathroom Unit with 8 parking spaces and was built in 1980. The property has a land size of 809m2 and floor size of 72m2. While the property is not currently for sale or for rent, it was last sold in September 2026. There are other 8 bedroom Unit sold in Pimlico in the last 12 months.
Last Listing description (September 2026)
Inspect Today! Positioned in the heart of highly sought after Pimlico, this well maintained complex of 4 low set units offers an exceptional investment opportunity with strong returns and low maintenance appeal. Constructed from durable block construction and featuring a previously upgraded roof, this is the ideal set-and-forget investment in a prime central location.
Each unit offers a practical and functional layout with 2 bedrooms, 1 bathroom, open-plan living spaces, and dedicated car accommodation. Conveniently located close to major amenities, schools, shopping centres, medical facilities, and the Townsville CBD, this property presents an outstanding opportunity for investors seeking immediate income and long-term growth potential.
Property Features Include:
- Complex of 4 low set units
- All units feature 2 bedrooms and 1 bathroom
- Each unit includes a dedicated single carport
- Solid block construction for long-term durability
- Previously upgraded roof
- Functional open plan living and dining layouts
- Low maintenance design throughout
- Ideal investment opportunity with multiple income streams
- Positioned on a centrally located allotment in Pimlico
The Lifestyle Appeal:
Centrally located for the Townsville University Hospital, James Cook University, the Townsville CBD and the retail and dining options of Castletown Shopping Centre, this property sits in a highly desirable location for Tenants. Residents will also enjoy easy access to schools, public transport, parks and major arterial roads, ensuring ongoing rental demand and convenience.
For the Investor:
- Returning approximately $71,760 per annum
- Rates: $8,172.00 per half year including an allocation of water
- Low-maintenance block construction
- Strong rental demand location
- Multiple income streams across 4 units
- Previously upgraded roof reducing future maintenance concerns
- Excellent long term investment potential in central Townsville location
If you are looking for further information on this complex, or to view, contact Gavin Micola today on 0407 159 314.
Property History for 4 Palmerston St, Pimlico, QLD 4812
- 15 Sep 2026Listed for Sale $1,200,000
- 15 Sep 2026Sold for $1,200,000
- 11 May 2026Listed for Sale $1,190,000
Recent sales nearby
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0About Pimlico 4812
The size of Pimlico is approximately 1.2 square kilometres. There are 5 parks, covering nearly 6.2% of the 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 1,622 properties. Over the last 5 years, Houses in Pimlico have seen a 90.69% increase in median value, while Units have seen a 115.64% increase. As at 31 August 2026:
- The median value for Houses in Pimlico is $658,082 while the median value for Units is $445,373.
- Houses have a median rent of $560 while Units have a median rent of $420.
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