13 Morehead Avenue, Norman Park QLD 4170
13 Morehead Avenue, Norman Park QLD 4170
New-build prestige | 5-bed, 4-bath family layout | 405m² site, 380m² under roof | Pool and entertainer’s bar | Premium finishes throughout
This house is a rare, newly completed family home in a suburb dominated by older postwar stock. The configuration is genuinely uncommon: five bedrooms, four bathrooms, three with private ensuites, plus a ground-floor guest suite and a chef’s kitchen with twin Bosch wall ovens and a 900mm induction cooktop. The 380m² under-roof area is substantial for a 405m² allotment, and the pool, bar, and smart zoned air-conditioning lift it well beyond typical renovated homes in the area. It is best suited to an executive family or upgrader seeking a turnkey property close to the CBD, with strong private-school access and established transport links.
The 405m² land size is leaner than many traditional Norman Park holdings, which may limit land-value upside compared to larger neighbouring sites. The conflicting bathroom count across sources—four versus three—should be clarified before committing. The dual-level layout and high-spec finishes mean maintenance and running costs will be higher than average, and the lack of confirmed aspect or view means orientation should be checked on site. The property’s value will hinge on how the new-build quality and density of accommodation are weighed against the smaller parcel.
|| Comparable Sales: 129 Morehead Avenue sold at $2.38M; 182 Morehead Avenue estimated at $2.46M | Property Price Band: $2.2M–$2.3M | Value Drivers: new-build condition, five-bed ensuite-heavy layout, pool and entertaining features
Detailed Independent Property Report prepared by PropCred Analyst team for 13 Morehead Avenue, Norman Park QLD 4170
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
Execution Risk
2
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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: 129 Morehead Avenue sold at $2.38M; 182 Morehead Avenue estimated at $2.46M | Property Price Band: $2.2M–$2.3M | Value Drivers: new-build condition, five-bed ensuite-heavy layout, pool and entertaining features
Bedrooms
5
Bathroom
4
Parking
2
Land
405m²
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