1/43 Kingsbury Street, Norman Park, QLD 4170 | Property Value & History | OnTheHouse
OFF MARKET

1/43 Kingsbury Street
Norman Park QLD 4170

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 60m2
Land area: 92m2
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Property Details for 1/43 Kingsbury St, Norman Park

1/43 Kingsbury St, Norman Park is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1974. The property has a land size of 92m2 and floor size of 60m2. While the property is not currently for sale or for rent, it was last sold in October 2023.

Building Type
Unit
Year Built
1974
Floor Size
60m2
Land Size
92m2
Local Government
Brisbane
Lot/Plan
1/BUP1209

Last Listing description (August 2024)

Discover the perfect investment gem nestled in a sought-after inner-city location! This stylish two-bedroom apartment presents an exceptional opportunity for savvy investors seeking a lucrative addition to their portfolio. With the potential to achieve a return of over 5% and low body corporate fees of less than $2,000 per annum, this property offers a compelling investment proposition. Additionally, it appeals to entry-level buyers looking to secure their own pad in the popular Norman Park area.

Investing is all about location, and this apartment delivers on that front! Situated in the heart of Poet's Corner, it offers unbeatable convenience and connectivity to the CBD, local schools, and the vibrant cafe and river lifestyle of Hawthorne and Bulimba precinct. The Norman Park State School catchment, along with its family-friendly location, adds to its appeal.

Enjoy the ease of walking to nearby bus, train, and ferry services, allowing for seamless commuting and exploring the surrounding areas. This brick apartment block comprises only eight units, ensuring a sense of exclusivity and privacy. The property features a single garage, providing secure parking, and is meticulously maintained, offering a neat and tidy living space.

With a rental appraisal of $450 per week, this apartment boasts strong rental potential. Its low body corporate fees make it an attractive investment proposition, maximizing your returns. Currently tenanted, with the lease expiring in August 2023, this property offers immediate income generation.

Benefit from its prime location and return on investment. Capitalize on the robust rental demand and enjoy a reliable income stream, along with the potential for long-term capital growth. This apartment is tailor-made for astute investors looking to secure their financial future.

Don't miss out on this incredible opportunity! Contact us today to arrange a viewing and take the first step towards seizing this investment gem.

Disclaimer:
We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.

Property History for 1/43 Kingsbury St, Norman Park, QLD 4170

A timeline of how this property has performed in the market
Last Sold
$425,000
11 Oct 2023
Listed for Rent
$425/w
28 Jul 2023
  • 11 Oct 2023
    Sold for $425,000
  • 21 Sep 2023
    Listed for Sale Offers over $400K
  • 25 Jul 2023
    Listed for Rent $425 / week
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About Norman Park 4170

The size of Norman Park is approximately 2.3 square kilometres. There are 14 parks, covering nearly 13.8% of the total area. The population of Norman Park in 2016 was 6287 people. By 2021 the population was 6842 showing a population growth of 8.8% in the area during that time. The predominant age group in Norman Park is 30-39 years. Households in Norman Park are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Norman Park work in a professional occupation.In 2021, 64.30% of the homes in Norman Park were owner-occupied compared with 62.00% in 2016.

Norman Park has 3,074 properties. Over the last 5 years, Houses in Norman Park have seen a 59.97% increase in median value, while Units have seen a 86.09% increase. As at 31 May 2026:

  • The median value for Houses in Norman Park is $1,833,697 while the median value for Units is $1,015,302.
  • Houses have a median rent of $895 while Units have a median rent of $688.
There are currently 7 properties listed for sale, and 3 properties listed for rent in Norman park on OnTheHouse. According to Cotality's data, 144 properties were sold in the past 12 months in Norman park.

Suburb Insights for Norman Park 4170

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.