81 Morehead Avenue, Norman Park QLD 4170
81 Morehead Avenue, Norman Park QLD 4170
Detached house on a deep Norman Park lot | Mid-century bones, premium street pocket | Strong family-demand catchment | Variable condition, wide value spread
This property sits in one of Norman Park’s more desirable avenues, where the street profile leans toward larger lots and higher-spec family homes than much of the suburb. The configuration is a standalone house, likely with multiple bedrooms and generous land, which suits owner-occupier families prioritising school catchments, CBD access, and outdoor space. Its competitive edge lies in the land itself—blocks in this pocket are scarce, and the combination of depth, leafy streetscape, and redevelopment potential makes it attractive to both renovators and those seeking a turn-key family home. The property serves best a buyer who values long-term land security over immediate polish, or one ready to invest in upgrades to match the street’s premium benchmarks.
Value may be shaped by the condition and age of the existing structure, as older post-war homes in the area often require significant renovation to align with nearby high-end rebuilds. The land size and aspect could also influence price, with north-rear orientations and larger parcels commanding a noticeable premium. Buyers should weigh whether the current layout and finishes meet their needs or whether additional capital is required, as this will materially affect the final cost. The mix of original and renovated stock on the street means the property’s presentation will be a key determinant of its market position.
|| Comparable Sales: 129 Morehead Avenue sold around $2.7M (renovated, 607m²); 20 Morehead Avenue sold $1.2M (original condition) | Property Price Band: $1.5M–$2.5M | Value Drivers: land size, condition/renovation level, aspect and street position
Detailed Independent Property Report prepared by PropCred Analyst team for 81 Morehead Avenue, Norman Park QLD 4170
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
1
URL has been copied successfully!
Market Insight
Norman Park’s median house price of $1.765M, with 17.3% annual growth, positions it as a premium market. Demand is driven by professionals aged 30-39, predominantly couples with children, backed by high household incomes and mortgage repayments above $4,000 monthly. Houses sell in roughly 26 days, underscoring tight supply, with only 112 sales annually. Units lag at $800,000 (0.6% growth). Rental yields remain low at 2.7% for houses and 3.8% for units, a limiting factor for investors. Future growth rests on limited stock and strong owner-occupier demand, though affordability constraints and rate sensitivity temper upside.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 129 Morehead Avenue sold around $2.7M (renovated, 607m²); 20 Morehead Avenue sold $1.2M (original condition) | Property Price Band: $1.5M–$2.5M | Value Drivers: land size, condition/renovation level, aspect and street position
Bedrooms
5
Bathroom
3
Parking
2
Land
405m²
URL has been copied successfully!