28 Woombye Palmwoods Road Woombye QLD 4559

3 bed house |650m² private block |Dual living potential |Est. $1.08m value|This three-bedroom house on a 650sqm block suits first home buyers, investors or families eyeing value-add opportunities in a stable street setting. The property’s standout feature is its separate self-contained space downstairs with kitchen and bathroom, offering flexible living arrangements like dual occupancy or home office use without major alterations. Set back on a private lot not visible from the road, it delivers quiet everyday usability amid a street lined with 52 similar homes, many owner-occupied for generations. This configuration appeals to practical buyers who prioritise functionality over flash, such as downsizers converting the lower level for extended family or rental income. In the local market, comparable three-bedroom houses on mid-sized blocks like this hold steady, with low turnover reflecting Woombye’s 73% owner-occupancy rate and appeal to 40-59 age group families. Last sold in 2007, its long market dormancy underscores holding strength, bolstered by the generous land parcel in a road where larger holdings are common. Renovation scope positions it competitively against newer listings, potentially lifting value toward the upper $1.23m estimate through targeted updates. Overall, the dual setup and privacy ensure enduring draw for income-focused owners in this low-key corridor. Market signals point to measured appreciation for such versatile assets.