OFF MARKET

2 Normanby Terrace
Kelvin Grove QLD 4059

Bedrooms: 6
Bathrooms: 4
Car spaces: -
Floor area: 184m2
Land area: 357m2
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Property Details for 2 Normanby Tce, Kelvin Grove

2 Normanby Tce, Kelvin Grove is a 6 bedroom, 4 bathroom House and was built in 1930. The property has a land size of 357m2 and floor size of 184m2. While the property is not currently for sale or for rent, it was last sold in November 2021.

Building Type
House
Year Built
1930
Floor Size
184m2
Land Size
357m2
Local Government
Brisbane
Lot/Plan
89/SP250889

Last Listing description (January 2022)

This beautifully renovated Queenslander is truly the investment opportunity of the century with an incredibly high rental yield. With 6 bedrooms, 4 bathrooms, and 1 study, this is the perfect property for student accommodation. Share-housing is on the rise with more and more students looking to save money, and this is your chance to supply that demand.

What's more is that you get the highest yields we've ever come across in all our years involved in selling rooming or student accommodation. This property earns a gross income of approx. $70,000 - $80,000 per annum which is just simply mind blowing! And the best part, $0 power bill due to 10.5 KW rooftop solar powering the entire house!

If you are looking for a home to move in to instead, this property is beautifully designed, you can live in the top half and convert the bottom half to your own tucked away office! Separating work from home. Otherwise, why not do both and live-in the top and rent out downstairs? Really, the sky's the limit! There is so much potential with the amount of space.

Ground Floor
Timber flooring and plenty of space for plants and a small outdoor setting.
Bright living area with air conditioning,
Plenty of space for a smaller breakfast area with the built-in breakfast station providing plenty of storage and counter space.
Three bedrooms reside on this floor with a family bathroom and ensuite.

First Floor
Three more bedrooms, another bathroom, and another ensuite in the study (which could be transitioned into a 7th bedroom).
The kitchen is beautifully built with stone bench tops, stainless-steel appliances, gas cooktop, and exceptional cabinetry with a gorgeous splash-back.
The dining area amounts to a breakfast bar and then leads out to a large, outdoor covered dining and entertainment area. Faux grass makes this space very low maintenance with the garden adding a splash of life.

Location
Tenants can walk out the front door and be right on the edge of Kelvin Grove QUT Z Block
A short stroll up the road will take you past Woolworths, the QUT gym, local restaurants, several parks including Roma Street Parkland which is only 250 meters away, and Victoria Park Public transport is also close by, giving tenants quick and easy access to Brisbane CBD, Fortitude Valley just a few minutes away and easy access to the future Brisbane Metro QUT Kelvin Grove Station only 190 meters away.

Read on for a summary of this incredible investment:
Fully renovated Queenslander with gorgeous, contemporary design.
6 x beautiful bedrooms with plenty of space for storage and study areas. One comes with a stunning ensuite and another a traditional bay window.
4 x gorgeous, modern bathrooms with plenty of counter and storage space, and spacious showers.
1 x bright study with ensuite. Can be turned into a 7th bedroom.
Spacious living area on the ground floor with a breakfast station and air conditioning.
Large kitchen on the first floor with stone bench tops, a large island, gorgeous cabinetry, heaps of storage, stainless-steel appliances, gas cooktop, and a breakfast bar.
Access from Normanby Terrace.
Large outdoor entertainment and alfresco dining area with low maintenance, faux grass, and a quaint garden.

Read on for the important investment numbers:
Current Rental Return: $1,065 per week as bottom floor currently being used as office space.
Potential Rental Return all rooms rented: $1,430 per week

This gorgeous, fully renovated Queenslander is the investment opportunity of a lifetime with a huge rental yield. Offers are rolling in, so contact Phil at 0447048961 or phil@xperiencerealty.com.au to book an inspection ASAP and make an offer that stands out.

Disclaimer: Xperience Realty has been furnished with the above information, however, the Office and the Agent provides no guarantees, undertakings or warnings concerning the accuracy, completeness or up-to-date nature of the information provided by the Vendor or other Persons. All interested parties are responsible for their own independent inquiries in order to determine whether or not this information is in fact accurate

Property History for 2 Normanby Tce, Kelvin Grove, QLD 4059

A timeline of how this property has performed in the market
Last Sold
$1,150,000
17 Nov 2021
Listed for Rent
$195/w
15 Feb 2022
  • 17 Nov 2021
    Sold for $1,150,000
  • 06 Sep 2021
    Listed for Sale $1,150,000
  • 04 Dec 2020
    Listed for Rent $575 / week
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About Kelvin Grove 4059

The size of Kelvin Grove is approximately 1.7 square kilometres. It has 12 parks covering nearly 7.5% of total area. The population of Kelvin Grove in 2011 was 6,017 people. By 2016 the population was 7,913 showing a population growth of 31.5% in the area during that time. The predominant age group in Kelvin Grove is 20-29 years. Households in Kelvin Grove are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kelvin Grove work in a professional occupation. In 2011, 37.6% of the homes in Kelvin Grove were owner-occupied compared with 32.1% in 2016.

Kelvin Grove has 4,094 properties. Over the last 5 years, Houses in Kelvin Grove have seen a 49.93% increase in median value, while Units have seen a 62.03% increase. As at 30 November 2024:

  • The median value for Houses in Kelvin Grove is $1,286,624 while the median value for Units is $639,945.
  • Houses have a median rent of $660 while Units have a median rent of $628.
There are currently 21 properties listed for sale, and 17 properties listed for rent in Kelvin grove on OnTheHouse. According to CoreLogic's data, 199 properties were sold in the past 12 months in Kelvin grove.

Suburb Insights for Kelvin Grove 4059

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.