2 Stedman StreetNorville QLD 4670
Property Details for 2 Stedman St, Norville
2 Stedman St, Norville is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 804m2 and floor size of 58m2.This Property is currently listed for sale with Ray White Bundaberg
Last Listing description (June 2026)
An outstanding opportunity to secure an entire block of four units in one of Norville's most convenient locations.
Fully tenanted with quality long-term tenants on fixed-term leases, this is a genuine set-and-forget investment offering immediate cash flow, strong rental security and excellent long-term potential.
Currently returning approximately $92,560 per annum in gross rental income once the scheduled rent increases take effect, the property offers an attractive gross yield of approximately 6.5% - 7.1% (subject to purchase price). With rental increases already locked in and a history of excellent tenant retention, this is a rare opportunity to acquire a high-performing residential investment in a tightly held market.
Property Features:
Fully tenanted complex of four units
Long-term tenants with fixed-term leases in place
Well-maintained, low-maintenance complex
Highly sought-after Norville location close to schools, shopping, hospital and CBD
In Each Unit:
2 bedrooms + 1 bathroom
Open-plan living and dining area
Functional kitchen with excellent storage
Ceiling fans throughout
Bathroom with shower, vanity and toilet
Separate laundry with rear access
Individual carports plus additional street parking
UNIT A
Current Lease End: February 2027
Current rent: $420 per week (increases to $460 per week in August 2026)
UNIT B
Current Lease End: March 2027
Rent: $440 per week
UNIT C
Current Lease End: April 2027
Rent: $440 per week
UNIT D
Current Lease End: July 2027
Current rent: $400 per week (increases to $440 per week in July 2026)
Distance to Facilities (Approx.)
Across The Waves Sports Club - 440m
Norville Park Pool - 700m
Shalom Catholic College - 1.2km
Bundaberg Airport - 2.8km
Hinkler Central Shopping Centre - 3.0km
Additional Shopping Facilities - 3.5km
Bundaberg Base Hospital - 3.6km
Bundaberg CBD - 3.7km
Bargara Beach - 16km
The complex is well maintained, with tenants who take pride in their homes, helping to minimise ongoing management requirements.
Perfectly positioned close to schools, shopping centres, sporting facilities, Bundaberg Airport, the Bundaberg Base Hospital and the CBD, the location continues to attract strong tenant demand and provides investors with confidence for the future.
Don't miss this exceptional opportunity - contact Exclusive Listing Agent Chaise Hartnett on 0401 152 834 for more information or to arrange a private inspection today!
*Whilst every endeavour has been made to verify the correct details in this marketing, neither the agent, vendor or contracted illustrator take any responsibility for any omission, wrongful inclusion, misdescription or typographical error in this marketing material. Accordingly, all interested parties should make their own enquiries to verify the information provided. Any fixtures shown may not necessarily be included in the sale contract and it is essential that any queries are directed to the agent. Any information that is intended to be relied upon should be independently verified.*
Property History for 2 Stedman St, Norville, QLD 4670
- 30 Jun 2026Listed for Sale SUBMIT ALL OFFERS
- 14 Mar 2022Listed for Rent $275 / week
- 26 Oct 2021Sold for $580,000
Recent sales nearby
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0About Norville 4670
The size of Norville is approximately 3.5 square kilometres. There are 7 parks, covering nearly 12.1% of the total area. The population of Norville in 2016 was 2409 people. By 2021 the population was 2476 showing a population growth of 2.8% in the area during that time. The predominant age group in Norville is 50-59 years. Households in Norville are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Norville work in a community and personal service occupation.In 2021, 67.90% of the homes in Norville were owner-occupied compared with 65.40% in 2016.
Norville has 1,330 properties. Over the last 5 years, Houses in Norville have seen a 136.58% increase in median value, while Units have seen a 131.12% increase. As at 31 May 2026:
- The median value for Houses in Norville is $635,447 while the median value for Units is $455,908.
- Houses have a median rent of $583 while Units have a median rent of $250.
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