1 and 2/8 Varsity Crescent, Norman Gardens, Qld 4701

$1,195,000

Unit
Type
8
Bedrooms
4
Bathrooms
4
Parkings
831 m²
Area

Published on Wednesday, September 09, 2026 ( See property details for 1 and 2/8 Varsity Crescent, Norman Gardens, Qld 4701)

$1,195,000

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A rare opportunity to acquire a modern, dual-unit duplex with excellent rental income potential and versatile living options in Norman Gardens.

🏡 Property Highlights

  • Dual modern duplex units with 8 bedrooms and 4 bathrooms in total
  • Potential rental income of $1,360 per week, offering strong investment returns
  • Each unit features 4 bedrooms, including a main air-conditioned bedroom with ensuite
  • Separate fenced backyards providing privacy and outdoor entertaining space
  • Double remote garages for secure parking and convenience
  • Flexible living options, ideal for multi-generational families or side-by-side living

✨ Key Features

  • Air Conditioning
  • Built-in Robes
  • Ensuite
  • Outdoor Area
  • Garage
  • Fully fenced
  • Open-Plan Living
  • Separate toilets
  • Remote garage
  • Pet-Friendly

Norman Gardens is a vibrant suburb offering excellent amenities, convenient access to schools and shopping centres, and a family-friendly community atmosphere. It is ideal for investors seeking high rental yields and families looking for versatile living options. The area features well-maintained parks, public transport links, and a peaceful environment. With its strong growth potential, Norman Gardens is a sought-after location for both tenants and homeowners.

What is the current rental income for each unit?
The latest rental appraisal for each unit is between $650 and $680 per week, totaling approximately $1,360 per week for the duplex.
Are the units currently tenanted?
Yes, both units are tenanted, and the existing lease agreements will be transferred to the new owner.
What are the key features of these duplex units?
Each unit features 4 bedrooms, including a main air-conditioned bedroom with ensuite, built-in robes in all bedrooms, open-plan living areas, separate bathrooms with standalone baths, and double remote garages.
Can the units be used for multi-generational living?
Yes, the duplex design offers flexible living options, making it suitable for multi-generational families or side-by-side living.
What is the condition of the property?
The duplex is modern and well-maintained, offering a fresh and premium living environment for tenants.
Are there any upcoming planned developments or zoning changes in the area that could affect the property value? What are the total ongoing costs, including strata fees, council rates, and maintenance? Are there any easements, covenants, or restrictions affecting the property? Has the property been inspected for structural issues or pests? Is there any history of flooding or bushfire risk in this area? Are there any planned renovations or construction nearby that could impact privacy or noise levels? What are the terms of the current tenancy agreements, and are there any rent increases scheduled? Are there any additional costs associated with the property, such as body corporate fees or special levies? Is the property compliant with all local building codes and regulations? What are the long-term growth prospects for Norman Gardens and this specific location?

1 and 2/8 Varsity Crescent, Norman Gardens, Qld 4701 - More Details

$1,195,000

Here is an awesome opportunity to add a great investment to your portfolio, or if you are looking for 2 family homes side by side is another opportunity with 8-bedroom, 4-bathroom, 4 car garage modern duplex.
These magnificent units have 4 bedrooms either side, main air-conditioned bedroom with ensuite, 3 good sized spare bedrooms all with built-ins, open plan air-conditioned kitchen, dining and lounge, undercover entertaining areas with fully fenced backyards and both with double remote garages.
Another great feature with each unit is 2nd bathrooms with separate shower and standalone baths, also has separate toilets. The fences also separate both units for complete privacy when entertaining out the back.
Both units are tenanted and the contract will stand with these tenants, but the latest rental appraisal for each unit is now $650-$680 a week, offering a potential return of $1360 per week for the duplex, which offers a great return on investment.
Not only is this unique being 2 x 4-bedroom, 2 bathroom and 2 car garage units, this is something we don't see often and also being modern and fresh offering premium accommodation for the tenants.
Again, when the tenancy ends, they also offer an opportunity for side-by-side living if you are looking after your elderly parents and have your own family in the other, there is so much on offer with this duplex, call today for a private inspection only.
Type
Unit
Bedrooms
8
Bathrooms
4
Parkings
4
Area
831 m²

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