This large 3126m2 site has already received Development Application approval from Brisbane City Council. Further revisions to the DA are currently being processed to allow for six Villas, and seven Apartments as part of this two-stage development. Once fully occupied this opportunity could return as much as $1,367,748 per annum!
Stage 1 Norval Villas
6 x Two Ensuited Bedroom Villas, each with OOA Rooms
Stage 2 Althea Residences
6 x Two Bedroom, One Bathroom Units
1 x One Bedroom, One Bathroom Unit (OOA)
6 x Resident Car Parks
2 x Visitor Car Parks
Communal Break Out area
SDA Category = High Physical Support
Location Adjusted Price Per Resident = $105,445 + $10,912 (RRC)
Annual Income per Dwelling = $116,357
Total Return for 6 Dwellings with 1 Resident Each = $698,142
In addition, the proposed development will have an abundance of both private and public open spaces, allowing community interaction when desired, with the alfresco BBQ Area and Communal Pool.
Located centrally in the suburb of Salisbury, the proposed SDA development is ideally situated. With easy access to transport, including bus and train services, QEII Hospital across the road, world leading university, Garden City Shopping Centre 10 minutes away and less than 10km from Brisbane CBD, this is the perfect place to nurture independence.
*All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.
https://www.reval.com.au/23-25-norval-street-salisbury-qld-4107
The size of Salisbury is approximately 4.6 square kilometres. It has 10 parks covering nearly 14.9% of total area. The population of Salisbury in 2016 was 6290 people. By 2021 the population was 6790 showing a population growth of 8.0% in the area during that time. The predominant age group in Salisbury is 30-39 years. Households in Salisbury are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Salisbury work in a professional occupation.In 2021, 68.40% of the homes in Salisbury were owner-occupied compared with 67.10% in 2016.
Salisbury has 3,061 properties. Over the last 5 years, Houses in Salisbury have seen a 113.42% increase in median value, while Units have seen a 121.46% increase. As at 31 March 2026:
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