62a Justinian St, Palmyra is a 6 bedroom, 2 bathroom House with 1 parking spaces and was built in 1980. The property has a land size of 533m2 and floor size of 176m2. While the property is not currently for sale or for rent, it was last sold in April 2023.
A rare gem in a sought-after location is well positioned for the savvy investor looking to capitalise on a high rental yield with a Potential Rental Return of $1200- per week for both dwellings, the family wanting to keep mum, dad or the kids close, or just keep the existing tenant in the granny flat and reap the benefits of a great side income.Duplex Features & Highlights;- Parking for 3-4 vehicles behind the secure double gates.- Tiled throughout all living areas for easy care maintenance.- Freshly painted, new downlights and window treatments.- Functional kitchen with 900mm stainless steel gas upright oven.- Spacious lounge room to the front of the home with reverse cycle split system.- Master Bedroom has mirrored robes and reverse cycle split system.- Modern bathroom with large vanity and bath/shower.- Fantastic secure rear courtyard with wood decking and flat roof patio for entertaining.Granny Flat Features & Highlights:- Fully approved 3 bedroom, 1 bathroom granny flat.- Fantastic tenants currently on periodical lease yielding $570- per week.- Light & bright open plan living area with ceiling fan and split system.- Generous sized kitchen with island bench/breakfast bar plus dishwasher.- Private & secluded wood decked front verandah to relax.- Master bedroom with mirrored robes & split system.- Tastefully finished bathroom tiled to the ceiling.- Separate sub meters for the power and water.- Secure parking behind lockable double gates.Please call Rob Vellacott for further information on 0410 531 779.Disclaimer:This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.
The size of Palmyra is approximately 3.1 square kilometres. It has 18 parks covering nearly 3.5% of total area. The population of Palmyra in 2016 was 6950 people. By 2021 the population was 7585 showing a population growth of 9.1% in the area during that time. The predominant age group in Palmyra is 30-39 years. Households in Palmyra are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Palmyra work in a professional occupation.In 2021, 71.20% of the homes in Palmyra were owner-occupied compared with 67.60% in 2016.
Palmyra has 4,316 properties. Over the last 5 years, Houses in Palmyra have seen a 84.95% increase in median value, while Units have seen a 79.31% increase. As at 30 November 2025:
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