16 Normanby Terrace, The Range QLD 4700

Renovated 1965 house | Large 262m² footprint | Upper quartile land | Walking distance to Grammar | Strong rental yield. This property presents a competitively strong offering due to its substantial renovated footprint on a larger-than-typical lot, a combination rare for the suburb. The comprehensive renovation with high-end finishes positions it above the area’s average age profile, serving a buyer seeking immediate move-in condition without compromise. Its proximity to sought-after schools and reliable utilities specifically caters to a family demographic, offering both lifestyle utility and broader market appeal. The primary risk is the valuation gap, with listed price significantly above automated estimates, indicating a premium for the renovation that must be justified. The absence of recent comparable sales data necessitates cautious independent valuation. The commercial logic is clear: secure a high-quality, large home in a stable location with a healthy estimated rental yield, suggesting solid investment fundamentals. Proceed only with a confirmed valuation that supports the premium, positioning this property as a long-term hold for owner-occupation or a rental investment.