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Sold on 13 Jun 2024 - Price Unavailable

3/8 Norma Street
Sunshine VIC 3020

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Property Details for 3/8 Norma St, Sunshine

3/8 Norma St, Sunshine is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 2 bedroom Unit sold in Sunshine in the last 12 months.

Building Type
Unit

Last Listing description (June 2024)

Welcome to an exceptional investment opportunity designed for low maintenance living without compromising on quality. This contemporary property combines convenience, style, and functionality, making it an ideal addition to any investment portfolio.

Strategically situated in sought after Matthews Hill, known for its convenience and amenities, this property offers proximity to essential services, schools, shopping centres, and transportation hubs

Property Features

Modern Design: This property boasts a sleek and modern design that appeals to contemporary tastes. Clean lines, neutral colour palettes, and quality finishes contribute to its timeless appeal.

Low Maintenance Exterior: With a durable brick exterior and minimal landscaping requirements, this property minimizes the need for ongoing maintenance, saving time and money for investors.

Efficient Floor Plan: The thoughtfully designed floor plan maximizes space utilization and functionality, offering comfortable living areas while minimizing wasted space.

Quality Construction: Built to high construction standards, this property offers durability and longevity, reducing the need for frequent repairs and renovations.

Investment Benefits:

Stable Rental Income: With its attractive location and modern amenities, this property commands competitive rental rates and is currently returning $1820 PM, ensuring a steady stream of rental income for investors.

Low Operating Costs: The low maintenance requirements of this property translate to lower operating costs, maximizing investors' returns over the long term.

Strong Appreciation Potential: Positioned in a high-demand location with favourable market conditions, this property offers excellent appreciation potential, enhancing its long-term investment value.

For more information or to schedule a viewing, contact us today and seize the opportunity to add this exceptional property to your investment portfolio.

Property History for 3/8 Norma St, Sunshine, VIC 3020

A timeline of how this property has performed in the market
Last Sold
13 Jun 2024
Listed for Rent
$420/w
30 Apr 2024
  • 13 Jun 2024
    Sold for $495,000
  • 30 Apr 2024
    Listed for Rent $420 / week
  • 04 Mar 2024
    Listed for Rent $400 / week
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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 5,820 properties. Over the last 5 years, Houses in Sunshine have seen a 12.05% increase in median value, while Units have seen a 9.13% increase. As at 31 October 2024:

  • The median value for Houses in Sunshine is $813,559 while the median value for Units is $471,424.
  • Houses have a median rent of $500 while Units have a median rent of $480.
There are currently 64 properties listed for sale, and 34 properties listed for rent in Sunshine on OnTheHouse. According to CoreLogic's data, 178 properties were sold in the past 12 months in Sunshine.

Suburb Insights for Sunshine 3020

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Martin Artigas
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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.