14/13 Vectis Street, Norman Park QLD 4170

2-bed, 2-bath, 2-car unit | flood overlay present | strong school catchment | Norman Park inner-east pocket This unit’s strongest buying case is its configuration—two dedicated car spaces in a 139m² floorplan is rare for a 1999 build in an inner-city suburb, giving it a structural edge over newer, smaller apartments. The Norman Park State School catchment and 5G connectivity add genuine family and professional appeal, while the in-ground pool and alarm system lift it above basic stock. It suits an owner-occupier wanting a low-maintenance hold with solid rental backup, or an investor targeting the $725–$785 weekly bracket in a suburb with only 30 two-bedroom sales this year and a 16-day average market time. The flood overlay is the primary risk—it may push insurance premiums higher and narrow the resale pool to buyers comfortable with that disclosure, which can soften price growth relative to non-flooded comparables. However the 2018 sale at $422,000 shows a strong value trajectory, and the current $900k–$920k estimate sits above the suburb median of $760,000, suggesting this unit commands a premium for its parking and layout. Hold it as a long-term owner-occupied base or a stable rental with 4% yield; avoid flipping into the overlay discount.