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49 Norman Street, Wooloowin, Qld 4030 For Sale
49 Norman Street, Wooloowin, Qld 4030 49 Norman Street, Wooloowin, Qld 4030-Image 49 Norman Street, Wooloowin, Qld 4030-Image 49 Norman Street, Wooloowin, Qld 4030-Image 49 Norman Street, Wooloowin, Qld 4030-Image 49 Norman Street, Wooloowin, Qld 4030-Image 49 Norman Street, Wooloowin, Qld 4030-Image 49 Norman Street, Wooloowin, Qld 4030-Image 49 Norman Street, Wooloowin, Qld 4030-Image 49 Norman Street, Wooloowin, Qld 4030-Image 49 Norman Street, Wooloowin, Qld 4030-Image 49 Norman Street, Wooloowin, Qld 4030-Image 49 Norman Street, Wooloowin, Qld 4030-Image 49 Norman Street, Wooloowin, Qld 4030-Image 49 Norman Street, Wooloowin, Qld 4030-Image 49 Norman Street, Wooloowin, Qld 4030-Image 49 Norman Street, Wooloowin, Qld 4030-Image 49 Norman Street, Wooloowin, Qld 4030-Image 49 Norman Street, Wooloowin, Qld 4030-Image 49 Norman Street, Wooloowin, Qld 4030-Image 49 Norman Street, Wooloowin, Qld 4030-Image 49 Norman Street, Wooloowin, Qld 4030-Image 49 Norman Street, Wooloowin, Qld 4030-Image 49 Norman Street, Wooloowin, Qld 4030-Image 49 Norman Street, Wooloowin, Qld 4030-Floorplan

49 Norman Street, Wooloowin, Qld 4030

Expression of Interest

Block Of Units
Type
12
Bedrooms
4
Bathrooms
4
Parkings
600 m²
Area

Published on Thursday, March 26, 2026 ( See property details for 49 Norman Street, Wooloowin, Qld 4030)

Expression of Interest

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A rare 12-bedroom, dual-level property on a 600m2 block in Wooloowin offering exceptional rental income, development potential, and future growth opportunities.

🏡 Property Highlights

  • Massive 12-bedroom, two-storey residence with high rental income potential
  • Prime 600m2 inner-city Wooloowin location with development upside
  • Solid double-brick construction with insulated doors and windows
  • Currently generating approximately $2,400 per week in rental income
  • Massive 13.5Kw solar panel array reducing electricity costs
  • Potential for subdivision and re-zoning to LMR2 for future development

✨ Key Features

  • Built-in Robes
  • Open-Plan Living
  • Outdoor Area
  • Waterfront / Views
  • Garage / Secure Parking
  • Open-Plan Living
  • External Storage (Shed/Linen)
  • Security Screens / Gates
  • Fly Screens
  • NBN / High-Speed Ready

Wooloowin is a highly sought-after suburb known for its rapid gentrification, strong capital growth, and excellent lifestyle amenities. It offers unbeatable connectivity with nearby train and bus stations, shopping precincts like Lutwyche Market Central, and access to parklands and bikeways. The area is ideal for tenants and investors seeking a vibrant, well-connected community with future development prospects.

What is the current condition of the property and what renovations could increase its value?
The property is presented in neat, original condition with minor improvements. Cosmetic renovations could significantly enhance rental yield and overall value.
What are the zoning and development possibilities for this property?
The property sits on a 600m2 block with potential for subdivision and re-zoning to LMR2, allowing for boutique townhouse or unit development, subject to council approval.
Are there any restrictions or approvals needed for future subdivision or re-zoning?
Yes, future subdivision and re-zoning would require council approval and compliance with local planning regulations. It is advisable to consult with local authorities for specific requirements.
What are the potential risks associated with this property, such as flood or bushfire risks?
The property is located in an inner-city suburb with minimal bushfire risk. Flood risk should be assessed via local council flood maps and reports.
Are there any strata or body corporate fees applicable?
As a block of units, there may be applicable strata or body corporate fees. Details should be confirmed with the current owner or managing body.
Are there any existing planning restrictions or easements on the property that could affect future development plans? What are the current council rates and any additional costs associated with subdivision or re-zoning? Has the property been inspected for structural issues or pest infestations? Are there any upcoming infrastructure projects or planning proposals in Wooloowin that could impact property value? What are the terms of the current tenancy agreements, and are there any lease restrictions or conditions?

49 Norman Street, Wooloowin, Qld 4030 - More Details

Expression of Interest

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: Currently featuring 4 privately let, long-term tenants (with one residing here for 15 years!), 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.
Type
Block Of Units
Bedrooms
12
Bathrooms
4
Parkings
4
Area
600 m²

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