49 Norman StreetWooloowin QLD 4030
Property Details for 49 Norman St, Wooloowin
49 Norman St, Wooloowin is a 11 bedroom, 4 bathroom House and was built in 1920. The property has a land size of 600m2 and floor size of 408m2.This Property is currently listed for sale with Jay Wu Estate Agents
Last Listing description (March 2026)
Hitting the market for the very first time in 25 years, this colossal property represents a once-in-a-generation opportunity for heavy-hitting investors, developers, and land bankers. Originally a classic Colonial Queenslander, the home was thoughtfully lifted and significantly expanded by its long-term owner-occupiers to create a mammoth two-story, 12-bedroom residence. Situated on a premium 600m2 block in the highly desirable inner-city suburb of Wooloowin, this "golden piece of land" offers an incredibly lucrative rental income right now, with limitless potential for future growth and development.
The Ultimate High-Yield Configuration
- Massive Scale: Boasting a staggering 12 bedrooms in total (6 upstairs and 6 downstairs), serviced by 4 bathrooms, multiple living areas, and two full eat-in kitchens.
- Solid Construction: The ground floor extension was built to last, featuring robust double-brick construction, legal ceiling heights, and insulated doors and windows for maximum comfort and soundproofing.
- Incredible ROI Potential: The property offers a highly realistic, fully let rental estimate of $2,400 per week ($200 per room).
- Value-Add Upside: While presented in neat, original condition with minor improvements, cosmetic renovations could skyrocket your rental yield even further. The sky is truly the limit!
- Low Overheads: The roof is fitted with a simply massive 13.5Kw solar panel array, drastically slashing electricity overheads-a crucial advantage for a high-occupancy investment.
Limitless Development Potential (STCA)
This isn't just a cash-flow positive asset; it is the ultimate land-banking dream. Sitting on a highly usable 600m2 allotment, buyers can explore a multitude of future wealth-creation avenues:
- Subdivision: Explore the potential to split the block into two highly coveted inner-city lots.
- Re-Zoning Upside: Investigate the future potential to rezone to LMR2, paving the way for a boutique townhouse or unit development in a suburb starving for new supply.
A Premium, High-Growth Location
Wooloowin is a blue-chip, rapidly gentrifying suburb renowned for its explosive capital growth and exceptional lifestyle infrastructure. Tenants and future buyers will flock to this location:
- Unbeatable Transit: Leave the car at home! You are a short stroll to the Lutwyche Bus Terminal (Northern Busway) and Wooloowin Train Station, providing rapid, traffic-free access to the CBD (just 10 minutes away).
- Retail Convenience: Walking distance to Lutwyche Market Central for all your daily needs (featuring Coles, Woolworths, Aldi, and specialty stores), plus a quick stroll to Jay Wu Estate Agents!
- Lifestyle & Connectivity: Close to the Kedron Brook bikeway and parklands, and offering immediate access to the Airport Link tunnel for quick trips to Brisbane Airport and coastal motorways.
Whether you are looking to secure a "set and forget" mega-yielder, or a prime piece of real estate to land-bank for a future development project, 49 Norman Street is an incredibly rare commodity. The long-term owners are ready to downsize, creating a golden opportunity for the next visionary buyer.
Property History for 49 Norman St, Wooloowin, QLD 4030
- 26 Mar 2026Listed for Sale Expression of Interest
- 06 Feb 2018Sold for $720,000
- 06 Jan 2001Listed for Sale Not Disclosed
Recent sales nearby
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About Wooloowin 4030
The size of Wooloowin is approximately 1.1 square kilometres. It has 1 park. The population of Wooloowin in 2016 was 3938 people. By 2021 the population was 4029 showing a population growth of 2.3% in the area during that time. The predominant age group in Wooloowin is 30-39 years. Households in Wooloowin are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wooloowin work in a professional occupation.In 2021, 48.70% of the homes in Wooloowin were owner-occupied compared with 46.10% in 2016.
Wooloowin has 2,174 properties. Over the last 5 years, Houses in Wooloowin have seen a 72.53% increase in median value, while Units have seen a 113.99% increase. As at 28 February 2026:
- The median value for Houses in Wooloowin is $1,681,415 while the median value for Units is $868,905.
- Houses have a median rent of $708 while Units have a median rent of $550.
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