41 Norman StreetWooloowin QLD 4030
Property Details for 41 Norman St, Wooloowin
41 Norman St, Wooloowin is a 7 bedroom, 6 bathroom Unit with 6 parking spaces. The property has a land size of 247m2. While the property is not currently for sale or for rent, it was last sold in February 1991.
Last Listing description (April 2021)
Positioned on 933m2, this low-set, low maintenance unit complex is conveniently situated in a peaceful pocket of a prime inner-city suburb. This exceptional investment opportunity, with a small, well maintained block of 6 consists of 5 x one bedroom units and 1 x two bedroom unit.
Providing a solid investment for the astute investor, this block boasts solid returns when fully tenanted, and is easily rented due to the properties sought-after location. Two units are owner occupied with four units consisting of long-term tenants generating $55,000 annually. A fully tenanted rental return in excess of $82,000 per annum with enormous potential to enhance the building and capitalise on this convenient location.
This complex is within a 5 minute walk to Lutwyche bus station, Wooloowin railway station and minutes away from the great walking and cycle paths of Kedron Brook. Lutwyche Shopping Centre, home to major supermarkets Coles and Aldi (and with Woolworths opening soon) is just a short drive away, along with Brisbane Airport.
• Low set, well maintained unit in a small complex
• Four established tenancies in place ranging $260 - $270
• Generating $55,120 approx per annum with 4 tenancies
•Projected gross yearly rental income for 6 tenanted : $82,680 - $87,360
• Light and bright, open plan living, dining and kitchen
•Spacious bedrooms with built-in robe and ensuite
•6km from the CBD as well as a short drive to Brisbane Airport
•Close to parks, shops, transport, local cafes and restaurants
This unique opportunity, on a highly desirable size of land, just 6km from the CBD is hard to come by. If you are looking for a property to add value to, looking to buy property in a premium location and hold for the long term then this property is a standout. Take the time to inspect now and contact Zac Muller on 0478 784 930
Property History for 41 Norman St, Wooloowin, QLD 4030
- 18 Feb 2021Listed for Sale For Sale
- 13 Sep 2019Listed for Rent - Price not available
- 23 Feb 1991Sold for $298,000
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About Wooloowin 4030
The size of Wooloowin is approximately 1.1 square kilometres. It has 1 park. The population of Wooloowin in 2011 was 5,941 people. By 2016 the population was 3,938 showing a population decline of 33.7% in the area during that time. The predominant age group in Wooloowin is 20-29 years. Households in Wooloowin are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wooloowin work in a professional occupation. In 2011, 56% of the homes in Wooloowin were owner-occupied compared with 46.1% in 2016.
Wooloowin has 2,147 properties. Over the last 5 years, Houses in Wooloowin have seen a 82.81% increase in median value, while Units have seen a 71.79% increase. As at 31 October 2024:
- The median value for Houses in Wooloowin is $1,576,701 while the median value for Units is $650,095.
- Houses have a median rent of $700 while Units have a median rent of $500.
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