Address
23 Peatey Street, Norman Gardens, QLD 4701
Investment Strategy
Renovator
Development Timeline
Property Purchased
Property Sold
About the Property
Welcome to 23 Peatey Street in the sought-after locale of Norman Gardens, a residence that flawlessly blends contemporary elegance with functional living. Recently undergoing a full-scale renovation, this home emerges as a modern masterpiece, carefully designed to meet the desires of any discerning homeowner.
As you drive up, the first thing that captures your attention is the spacious double car carport, ensuring ample space for your vehicles and providing ease of access to the home. Once inside, the air-conditioned interiors envelop you with a refreshing ambiance, promising comfort in every season.
However, it’s the outdoor features of this gem that truly set it apart. A generously-sized alfresco entertainment area awaits you, perfect for hosting Sunday brunches or late-night dinner parties under the stars. This seamlessly extends to an even larger outdoor entertainment space, inviting you to entertain, relax, and make lasting memories. Whether you’re looking to host large gatherings or seeking serene spots to enjoy your morning coffee, these outdoor areas are sure to become your favorite spaces.
Every inch of 23 Peatey Street has been crafted with an eye for detail and a commitment to quality. For those looking to experience luxury, comfort, and the best of indoor-outdoor living, this Norman Gardens abode is the perfect destination. Don’t miss out on this opportunity to call this stunning residence your home.
From the domain.com.au listing
Development Stats
2023
198
178
About the Suburb
Nestled in the heart of Queensland, Norman Gardens unfolds its vibrant tapestry to welcome you. With a population hovering around 10,534, this dynamic suburb pulsates with a diverse pulse, attracting young professionals, families, and seasoned residents alike.
A Blend of Demographics:
Step into Norman Gardens and you’ll find an energetic mix of age groups. Families with young children find comfort in safe streets and good schools, while professionals appreciate the convenient access to amenities and work opportunities. Those in the 45-64 age range discover a welcoming community with a relaxed atmosphere.
Financial Strength:
Norman Gardens boasts a robust economic heartbeat, evident in the median household income of $1,770 per week. Professionals, technicians, and trade workers find fertile ground here, along with managers and community service personnel. This financial stability translates into a thriving community with amenities to match.
Investing in Your Future:
For the astute investor, Norman Gardens presents a treasure trove of opportunities. Whether you choose the traditional route of houses or prefer the flexibility of units, the suburb promises rewarding returns. Houses, with a median sale price of $518,278, offer a high sale price, hinting at potential for value-add projects and renovations. Additionally, a healthy median growth rate of 13.9% paints a promising picture for long-term investments. Market absorption at 26.5% indicates a buoyant market with houses quickly finding buyers, further solidifying its potential. And let’s not forget the attractive rental yield of 5.6%, bringing consistent income into your portfolio.
For those seeking the convenience of units, Norman Gardens doesn’t disappoint. With a median sale price of $375,000 and a staggering median growth rate of 33.9%, units offer another compelling investment avenue. The icing on the cake? A miniscule vacancy rate of 0.4% guarantees tenants lining up at your door.
Beyond Investments:
But Norman Gardens is more than just numbers on a spreadsheet. It’s a vibrant community where life unfolds beyond financial metrics. Families cherish the excellent schools, lush parks, and safe atmosphere. Young professionals revel in the trendy cafes and shops, while community events and green spaces offer opportunities for connection and leisure. Whether you’re raising a family, pursuing career aspirations, or simply seeking a comfortable retirement haven, Norman Gardens has something special to offer.
A Bright Outlook:
As Norman Gardens continues to flourish, its popularity soars. With positive investment indicators and a thriving community spirit, this dynamic suburb beckons both residents and investors alike. So, whether you’re seeking a place to call home or a chance to build your wealth, Norman Gardens deserves a closer look.
Suburb Median
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