115 Norman Avenue, Norman Park QLD 4170
115 Norman Avenue, Norman Park QLD 4170
Large 810m² block | five-bedroom house | family-oriented Norman Park | redevelopment optionality | mixed-age street
This property holds a clear competitive edge through its combination of generous land size and substantial house footprint, which is increasingly uncommon in Norman Park’s infill-dominated market. The 810m² parcel positions it among the larger holdings in the immediate area, offering genuine flexibility for a family seeking room to spread out, or for a buyer who values future options around subdivision or multi-dwelling development, subject to council approval. The five-bedroom configuration serves owner-occupier families particularly well, especially those prioritising school catchments and train access, both of which are within easy reach. The house sits on a street with a mix of original homes and newer townhouse projects, meaning the immediate character is transitional rather than uniform, but the land itself provides the strongest underlying appeal.
Value may be shaped by the house’s actual condition and layout, which are not yet fully verified, and by how the property compares to similar large-lot homes that have recently transacted in the corridor. The redevelopment potential tied to the 810m² site might attract builder-buyers, which could push competition beyond family-only interest, but that same potential may also introduce uncertainty around planning constraints and heritage considerations. The mixed-age streetscape could affect perceived consistency, though it rarely diminishes land value in this precinct. Buyers should weigh the balance between immediate livability and longer-term optionality when forming a price view.
|| Comparable Sales: 146-148 Norman Avenue sold with redevelopment appeal on 810m²; 120 Norman Avenue reflects older housing stock on similar land | Property Price Band: $1.7M–$1.8M | Value Drivers: land size, five-bedroom layout, redevelopment potential
Detailed Independent Property Report prepared by PropCred Analyst team for 115 Norman Avenue, Norman Park QLD 4170
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
1
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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.
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PropCred Estimated Value
Comparable Sales: 146-148 Norman Avenue sold with redevelopment appeal on 810m²; 120 Norman Avenue reflects older housing stock on similar land | Property Price Band: $1.7M–$1.8M | Value Drivers: land size, five-bedroom layout, redevelopment potential
Bedrooms
5
Bathroom
2
Parking
4
Land
810m²
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