OFF MARKET

1 Norma Street
Sunshine VIC 3020

Bedrooms: 10
Bathrooms: 8
Car spaces: 8
Floor area: 120m2
Land area: 538m2
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Property Details for 1 Norma St, Sunshine

1 Norma St, Sunshine is a 10 bedroom, 8 bathroom Unit with 8 parking spaces and was built in 1955. The property has a land size of 538m2 and floor size of 120m2. While the property is not currently for sale or for rent, it was last sold in October 2021.

Building Type
Unit
Year Built
1955
Floor Size
120m2
Land Size
538m2
Local Government
Brimbank
Lot/Plan
2/PS421327

Last Listing description (December 2024)

An impressive investment opportunity exists to acquire an entire block of 8 single level units.

2 x two bedrooms and 6 x large one bedrooms on one title. Set on a generous allotment of 1058sqm and perfectly positioned in the highly sought after Matthews Hill.
Ideal for investors looking to acquire a property in a high growth location with an immediate income of $104,016 pa. Projected potential income of $141,440 with exciting future options to renovate and acquire an even greater return!

All eight light filled units are generously proportioned and neatly presented, each with separate kitchen, individual living room, central bathroom with laundry facilities, and a combination of 1 and 2 good sized bedrooms with built in robes, and car parking spaces.

The location is prime and an easy walk to Sunshine train station, shops, schools and parks.

Dont miss this outstanding opportunity.

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Property History for 1 Norma St, Sunshine, VIC 3020

A timeline of how this property has performed in the market
Last Sold
$986,000
02 Oct 2021
Listed for Rent
$280/w
29 May 2013
  • 05 Jun 2024
    Listed for Sale Great Value! $2,000,000-$2,200,000
  • 02 Oct 2021
    Sold for $986,000
  • 03 Aug 2021
    Listed for Sale $750,000 - $800,000
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About Sunshine 3020

The size of Sunshine is approximately 4.7 square kilometres. It has 18 parks covering nearly 8.7% of total area. The population of Sunshine in 2011 was 8,837 people. By 2016 the population was 9,755 showing a population growth of 10.4% in the area during that time. The predominant age group in Sunshine is 30-39 years. Households in Sunshine are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Sunshine work in a professional occupation. In 2011, 61.6% of the homes in Sunshine were owner-occupied compared with 55.8% in 2016.

Sunshine has 5,849 properties. Over the last 5 years, Houses in Sunshine have seen a 5.74% increase in median value, while Units have seen a 2.13% increase. As at 28 February 2025:

  • The median value for Houses in Sunshine is $813,783 while the median value for Units is $463,381.
  • Houses have a median rent of $500 while Units have a median rent of $480.
There are currently 54 properties listed for sale, and 26 properties listed for rent in Sunshine on OnTheHouse. According to CoreLogic's data, 182 properties were sold in the past 12 months in Sunshine.

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