1 Norma StreetSunshine VIC 3020
Property Details for 1 Norma St, Sunshine
1 Norma St, Sunshine is a 10 bedroom, 8 bathroom Unit with 8 parking spaces and was built in 1955. The property has a land size of 538m2 and floor size of 120m2. While the property is not currently for sale or for rent, it was last sold in October 2021.
Last Listing description (December 2024)
An impressive investment opportunity exists to acquire an entire block of 8 single level units.
2 x two bedrooms and 6 x large one bedrooms on one title. Set on a generous allotment of 1058sqm and perfectly positioned in the highly sought after Matthews Hill.
Ideal for investors looking to acquire a property in a high growth location with an immediate income of $104,016 pa. Projected potential income of $141,440 with exciting future options to renovate and acquire an even greater return!
All eight light filled units are generously proportioned and neatly presented, each with separate kitchen, individual living room, central bathroom with laundry facilities, and a combination of 1 and 2 good sized bedrooms with built in robes, and car parking spaces.
The location is prime and an easy walk to Sunshine train station, shops, schools and parks.
Dont miss this outstanding opportunity.
Property History for 1 Norma St, Sunshine, VIC 3020
- 05 Jun 2024Listed for Sale Great Value! $2,000,000-$2,200,000
- 02 Oct 2021Sold for $986,000
- 03 Aug 2021Listed for Sale $750,000 - $800,000
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About Sunshine 3020
The size of Sunshine is approximately 4.7 square kilometres. It has 18 parks covering nearly 8.7% of total area. The population of Sunshine in 2016 was 9768 people. By 2021 the population was 9445 showing a population decline of 3.3% in the area during that time. The predominant age group in Sunshine is 30-39 years. Households in Sunshine are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Sunshine work in a professional occupation.In 2021, 55.70% of the homes in Sunshine were owner-occupied compared with 55.80% in 2016.
Sunshine has 5,918 properties. Over the last 5 years, Houses in Sunshine have seen a 14.67% increase in median value, while Units have seen a 8.86% increase. As at 31 December 2025:
- The median value for Houses in Sunshine is $886,079 while the median value for Units is $523,937.
- Houses have a median rent of $510 while Units have a median rent of $460.
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