46 Norris StreetHermit Park QLD 4812
Property Details for 46 Norris St, Hermit Park
46 Norris St, Hermit Park is a 2 bedroom, 1 bathroom House with 4 parking spaces and was built in 1970. The property has a land size of 809m2 and floor size of 68m2. While the property is not currently for sale or for rent, it was last sold in December 2021.
Last Listing description (December 2021)
This well presented and updated set of four masonry block units is fully occupied by long term corporate tenants with secure long-term leases in place. The complex has nice street appeal and is centrally located.
A larger floor plan than the standard, each unit offers spacious open plan, tiled interiors, tidy kitchens, fully air conditioned, upgraded and modern bathrooms with a large tiled wet area & linen cupboard. All units have good internal paint and present very well. Fully renovated after the 2019 weather event, the roof was replaced also. Single vehicle accommodation is at the front of each unit.
Showing a strong rental performance of over $60,000 per year, each unit currently returning $290 per week per week (until July 1 2022) with ongoing interest to renew the leases.
Opportunity is knocking in this convenient rental location. Very close to Rising Sun Shopping centre and hotel, public transport on Queens Rd or Bowen Road. Also convenient to the James Cook University and Lavarack Army Barracks.
Each 2-bedroom unit comprises of:
Open plan living / dining
Air conditioning throughout
Security screens offer peace of mind
Solid block walls
Convenient car accommodation
Solid long term leases in place
No body corporate attached ( 1 Title )
Land size 809 sqm
Walking distance to Rising Sun Shopping Centre
Property History for 46 Norris St, Hermit Park, QLD 4812
- 11 Dec 2021Sold for $730,000
- 18 Nov 2021Listed for Sale AUCTION - Saturday 11.12.21 at 11.00am
- 30 Jun 2016Listed for Sale $689,000
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About Hermit Park 4812
The size of Hermit Park is approximately 2.2 square kilometres. It has 5 parks covering nearly 26.4% of total area. The population of Hermit Park in 2011 was 3,520 people. By 2016 the population was 3,423 showing a population decline of 2.8% in the area during that time. The predominant age group in Hermit Park is 20-29 years. Households in Hermit Park are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Hermit Park work in a professional occupation. In 2011, 48.1% of the homes in Hermit Park were owner-occupied compared with 47% in 2016.
Hermit Park has 2,059 properties. Over the last 5 years, Houses in Hermit Park have seen a 88.16% increase in median value, while Units have seen a 88.04% increase. As at 31 October 2024:
- The median value for Houses in Hermit Park is $541,192 while the median value for Units is $312,579.
- Houses have a median rent of $420 while Units have a median rent of $360.
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