21 Sunset Drive, Norman Gardens QLD 4701

21 Sunset Drive, Norman Gardens QLD 4701
Low energy rating | bushfire overlay present | site coverage only 18% | fibre to the node not fibre The 18% site coverage means the house is sitting on a 1,592sqm block with over 1,300sqm of unused land that yields no rental return and adds maintenance burden. Combined with the bushfire overlay and a low 0/10 energy rating, the buyer should budget for remediation works or accept higher ongoing costs. The solar panels partially offset the poor envelope but do not fix it. While the 2007 build is not old, the energy inefficiency will show up in quarterly bills and resale resistance from informed buyers. This property works best as a long-term hold where the land can eventually be subdivided or developed, not as a turnkey family home. What makes this house competitively rare is the pure land size in Norman Gardens near parkland and mountain bike trails. The 292sqm floorplan with rumpus room and deck suits a family who wants space between neighbours. The swimming pool and shed add lifestyle utility that standard 600sqm blocks cannot match. The buyer who pays market rate here is buying optionality β€” the ability to live now and densify later. The property serves families with school-aged children or investors targeting the rental bracket around $765 per week with yield just under four percent. The sales history shows a purchase in 2020 for 550,000 and the current asking range near 1.1 million reflects land appreciation of roughly one hundred percent in six years, with no structural improvements made. That trajectory requires continued population inflow to Norman Gardens or a change in zoning to sustain further gains, so the buyer should not assume the next six years will repeat the last six.

Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ 

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Market Insight:

Norman Gardens is a family-oriented suburb with strong professional demographics, underpinned by quality schooling. Demand is driven by a high proportion of purchasers and a significant rental market, creating competitive pressure. Recent price growth has been robust, reflecting a market where demand is trending upwards against slowing stock levels. Future momentum is supported by these demand drivers, though compressed rental yields indicate a market where capital growth has outpaced income returns, presenting a key constraint for investors.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

3

Land

1592mΒ²

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