SOLD
Sold on 14 May 2024 for $965,000

16/51 Railway Parade
Norman Park QLD 4170

Bedrooms: 3
Bathrooms: 3
Car spaces: -
Floor area: 137m2
Land area: 201m2
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Property Details for 16/51 Railway Pde, Norman Park

16/51 Railway Pde, Norman Park is a 3 bedroom, 3 bathroom Unit and was built in 2016. The property has a land size of 201m2 and floor size of 137m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 3 bedroom Unit sold in Norman Park in the last 12 months.

Building Type
Unit
Year Built
2016
Floor Size
137m2
Land Size
201m2
Local Government
Brisbane
Lot/Plan
16/SP284903

Last Listing description (July 2024)

Benefiting from a dynamic and unique floor plan suitable for home buyers, generational families and discerning investors, this modern townhome in a blue chip suburb has something for everyone.

Presiding over the complex, with a street facing position and boasting a high standard of finish, the 3 level design makes best use of the space to allow separation and privacy for all, in the townhome format.

Currently returning $1,050 per week combined ($600pw upper level, $450pw lower), this home represents the ideal entry point into the market for an owner occupier seeking additional income, or the savvy investor who values low maintenance and high yield.

Property features;
- Large executive street facing townhome in modern complex just 4kms from Brisbane CBD
- Premium and desirable Norman Park locale
- Tall 2.7m ceilings on offer
- Unique split layout with private separate entry to lower-level housing granny flat/ studio
- Large exclusive use courtyard and second balcony off lower level studio/granny flat
- Modern design and finishes throughout
- The upper 2 levels offer 2 large bedrooms with 2 separate living spaces, 2 spacious balconies and single car lockup garage
- Ducted and zoned air conditioning and ceiling fans throughout
- Currently returning $1,050 per week in rent
- Upper master bedroom boasting large robes and ensuite
- Secondary upper bedroom direct bathroom access
- Walking distance to public transport and highly desirable state schools Norman Park State School and Coorparoo Secondary College, as well as revered private schools, Anglican Church Grammar School and Lourdes Hill College
- Council Rates $480.95 approx per quarter
- Body Corporate $713.43 approx per quarter

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Property History for 16/51 Railway Pde, Norman Park, QLD 4170

A timeline of how this property has performed in the market
Last Sold
$965,000
14 May 2024
Listed for Rent
$480/w
08 May 2024
  • 14 May 2024
    Sold for $965,000
  • 16 Apr 2024
    Listed for Sale $965,000
  • 20 Oct 2021
    Listed for Rent $515 / week
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About Norman Park 4170

The size of Norman Park is approximately 2.3 square kilometres. It has 14 parks covering nearly 13.8% of total area. The population of Norman Park in 2011 was 6,002 people. By 2016 the population was 6,269 showing a population growth of 4.4% in the area during that time. The predominant age group in Norman Park is 30-39 years. Households in Norman Park are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Norman Park work in a professional occupation. In 2011, 61% of the homes in Norman Park were owner-occupied compared with 62% in 2016.

Norman Park has 3,035 properties. Over the last 5 years, Houses in Norman Park have seen a 67.81% increase in median value, while Units have seen a 63.90% increase. As at 31 October 2024:

  • The median value for Houses in Norman Park is $1,606,582 while the median value for Units is $840,624.
  • Houses have a median rent of $800 while Units have a median rent of $620.
There are currently 5 properties listed for sale, and 17 properties listed for rent in Norman park on OnTheHouse. According to CoreLogic's data, 134 properties were sold in the past 12 months in Norman park.

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