61 Mcilwraith AvenueNorman Park QLD 4170
Property Details for 61 Mcilwraith Ave, Norman Park
61 Mcilwraith Ave, Norman Park is a 9 bedroom, 5 bathroom Unit with 6 parking spaces. The property has a land size of 792m2. While the property is not currently for sale or for rent, it was last sold in December 2020.
Last Listing description (February 2021)
Seeking Offers for this highly sought after 792m2 allotment in Norman Park.
This residence is brimming with economical potential. Capturing great city views and comprising of five units, currently returning $1,535 per week.
Are you looking for an immediate investment return that holds further economic potential? This fantastic revenue opportunity awaits an astute purchaser.
Another potential investment opportunity is to strata title the complex into five separate properties, increasing the value of owning this residence exponentially.
As well as immediate investment return, there is also the potential for a further one bedroom unit (STCA) to be converted out of the existing garage space. In a proven, marketable location this is a fantastic revenue opportunity.
Well positioned in the coveted Norman Park locale, the long term value of this property lies in it's desirability. If you're looking for a sound investment to hold in your super fund, this is the opportunity you've been waiting for.
With a near proximity to the CBD, elite schools and caf precincts, rental demand is constant. Contact the agent for more details regarding what could be your next great opportunity in real estate.
Disclaimer
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.
Property History for 61 Mcilwraith Ave, Norman Park, QLD 4170
- 17 Dec 2020Sold for $1,260,000
- 24 Jan 2020Listed for Sale Under Contract
- 13 Feb 2019Listed for Rent $270 / week
Recent sales nearby
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0About Norman Park 4170
The size of Norman Park is approximately 2.3 square kilometres. It has 14 parks covering nearly 13.8% of 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 3,071 properties. Over the last 5 years, Houses in Norman Park have seen a 61.66% increase in median value, while Units have seen a 89.56% increase. As at 28 February 2026:
- The median value for Houses in Norman Park is $1,747,852 while the median value for Units is $962,265.
- Houses have a median rent of $790 while Units have a median rent of $700.
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