2/5 Teak Cl, Norman Gardens, QLD 4701 | House for sale | OnTheHouse
 
FOR SALE
Offers over $759,000

Teak Close
Norman Gardens QLD 4701

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 213m2
Land area: 213m2
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2-year old, income-producing investment in one of Rockhampton's most sought-after suburbs

Norman Gardens has long been one of Rockhampton's premier residential addresses. Consistently in demand, and consistently tight on supply. Unit 2/5 Teak Close puts you squarely in the middle of it, with a near-new 2024-built property that's already working hard for its owner. Currently tenanted at $600 per week on a fixed lease through to December 2026, this is the kind of asset that doesn't come along often: modern, low-maintenance, and income-producing from the moment settlement clears.
Location does a lot of the heavy lifting here. Norman Gardens offers convenient access to CQUniversity Rockhampton, along with schools, shopping, parks, and everyday amenity; the kind of well-rounded suburban position that draws quality tenants and underpins long-term capital stability.
Inside, the floorplan is smart and practical. Three well-proportioned bedrooms provide the liveability that tenants prioritise, with the main bedroom stepping it up with a walk-in robe and a private ensuite; a genuine point of difference that attracts and retains quality occupants. A second full bathroom services the remaining rooms comfortably, and the open-plan living and dining area flows naturally as the social heart of the home.
Given Rockhampton's climate, air conditioning isn't a luxury, it's a baseline expectation. This property covers the two rooms that matter most: the main bedroom and the lounge. Tenants notice, and so do their lease renewal decisions. Combined with a 2024 build, you're looking at a property that requires virtually no immediate capital expenditure. No tired carpet to replace, no ageing appliances to upgrade, no maintenance backlog to inherit.
Body corporate fees are deliberately low, keeping your holding costs lean and your net yield healthy. For investors who've been burned by complex strata with bloated levies and aged common property, this is a refreshing contrast; a tight, manageable scheme with a modern asset at its core.
Whether you're an experienced portfolio builder looking to add a quality Central Queensland asset, or a first-time investor wanting a no-fuss entry into the market, Unit 2/5 Teak Close delivers the three fundamentals that matter: strong location, reliable income, and minimal ongoing commitment. The work has been done. You just need to buy it.

Property Details for 2/5 Teak Cl, Norman Gardens

2/5 Teak Cl, Norman Gardens is a 3 bedroom, 2 bathroom House with 1 parking spaces. The property has a land size of 213m2 and floor size of 213m2. The place is currently for sale with Mr Real Estate Rockhampton.

Building Type
House
Floor Size
213m2
Land Size
213m2
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About Norman Gardens 4701

The size of Norman Gardens is approximately 13.3 square kilometres. There are 9 parks, covering nearly 1.1% of the total area. The population of Norman Gardens in 2016 was 9944 people. By 2021 the population was 10534 showing a population growth of 5.9% in the area during that time. The predominant age group in Norman Gardens is 30-39 years. Households in Norman Gardens are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Norman Gardens work in a professional occupation.In 2021, 69.30% of the homes in Norman Gardens were owner-occupied compared with 67.00% in 2016.

Norman Gardens has 4,748 properties. Over the last 5 years, Houses in Norman Gardens have seen a 84.18% increase in median value, while Units have seen a 109.56% increase. As at 31 July 2026:

  • The median value for Houses in Norman Gardens is $782,885 while the median value for Units is $540,590.
  • Houses have a median rent of $620 while Units have a median rent of $400.
There are currently 36 properties listed for sale, and 23 properties listed for rent in Norman gardens on OnTheHouse. According to Cotality's data, 205 properties were sold in the past 12 months in Norman gardens.

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Dan Ware
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Mr Real Estate Rockhampton
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