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Back 13/51 Palmer Street
Off Market

13/51 Palmer Street

South Townsville QLD 4810

2
2
1
120 m²
120 m²
Unit
Last sold for $410,000
Giovanni SpinellaGiovanni Spinella, last sold this property on 20 April 2026 after 33 days on market.

Overview

Dual-Key Living & Income - Palmer Street Precinct

This exceptional dual-key residence presents a rare blend of lifestyle and investment appeal, thoughtfully configured as two private units linked by a shared foyer. Its flexible layout is ideal for multi-generational living, a live-and-lease arrangement, or dual rental income streams, giving owners multiple options and peace of mind. The principal apartment is a comfortable sanctuary, featuring a well-appointed kitchen, a bright living room, a spacious bathroom and a separate bedroom - all flowing to a private balcony that looks directly over the marina. Imagine morning coffee with water views or evenings watching boats glide by - small daily moments that elevate the living experience. The studio is an efficient, light-filled space with an open-plan bedroom/living area and a generous bathroom, perfect for short-term guests, a long-term tenant, or a private creative workspace. Both units are currently leased to Park Regis, providing secure, guaranteed income from day one - a compelling advantage for investors seeking immediate, reliable returns. The property's dual-key format also creates long-term flexibility and resilience: occupy one unit while earning from the other, or adapt the layout as your needs evolve. Location enhances the emotional and practical appeal. Nestled in South Townsville, this address places you in the heart of the celebrated Palmer Street restaurant precinct - a lively strip of boutique cafes, acclaimed dining options and inviting alfresco venues. Stroll to waterfront promenades, enjoy weekend markets, or take scenic walks along the Strand; everything that makes coastal city living so desirable is within easy reach. Convenience is genuine here: local shops, public transport, medical services and schools are close by, while Townsville CBD and essential connections are a short drive away. This dual-key opportunity is more than a property - it's a lifestyle gateway and a smart, emotionally rewarding investment. Combining contemporary style, versatile living arrangements, breathtaking views and guaranteed rental income in a premier riverside setting, it stands out as a rare and compelling offering for owner-occupiers and investors alike.

Features

2 bedrooms
2 bathrooms
1 carspace
1 carport space
120 m² floor area
120 m² lot size
Unit

Estimated Value

Based on this property and similar 2 bedroom units sold in South Townsville over the last 12 months, the estimated median property value of 13/51 Palmer Street is $450k.

Median value
$450k
Estimated value range
$345k - $466k
Median days on market
34
Estimated value trend
26%
increase over the last 12 months
Average days on market is based on recent, comparable sales in South Townsville. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 13/51 Palmer Street

2026
Sold
$410,000
20 Apr 2026 by Giovanni Spinella, of Ray White Townsville

Happy sellers in South Townsville

92%
92% of sellers in South Townsville reported that their sale price either exceeded or met their price expectations.

South Townsville stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 10 reviews in South Townsville over the last 12 months.

Local market activity for 2 bedroom units in South Townsville

In the last 12 months, 11 two-bedroom units similar to 13/51 Palmer Street, have been sold.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in South Townsville

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Nicole Plozza

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Brett Lipscomb

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Sam Musumeci

Sellers who recommend Sam Musumeci have praised them for being clear communication, local expert, reliable, responsive, pleasant, stress-free process and honest

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Nick Oats

Sellers who recommend Nick Oats have praised them for being responsive, local expert, clear communication and great negotiation

  •   4.9   (59 reviews)
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