10/47 Norman Avenue, Lutwyche
Listing data updated 16 Aug 2026
1 bed1 bath1 car
- Whether you're looking to step into the Brisbane property market for the first time or add a low-maintenance asset to your portfolio, 10/47 Norman Avenue presents an excellent opportunity in a highly convenient inner-north location. This well-presented one-bedroom apartment combines comfortable, easy-care living with the added benefit of an existing tenancy, making it equally appealing to owner-occupiers and investors. Inside, you'll find a practical layout designed for modern apartment living, with air conditioning providing year-round comfort and a light-filled living area extending onto a private north-facing balcony. The balcony provides an inviting space to enjoy your morning coffee, relax after work or entertain friends. The well-appointed kitchen, comfortable bedroom, modern bathroom and secure car accommodation complete a property that is easy to live in and equally easy to rent. First Home Buyers For those looking to purchase their first property, this is an opportunity to secure your own home without taking on the maintenance and upkeep associated with a house. The apartment offers a practical entry point into the Brisbane market, with the flexibility to live in it yourself in the future or retain it as an investment. Investors Take Note For investors, the property is already leased at $500 per week until 10 February 2027, providing an immediate rental income stream from settlement. With a strong sinking fund balance, no current special contributions and a convenient Lutwyche location, the property offers an attractive combination of rental appeal, low-maintenance ownership and long-term potential. Property Highlights * Air conditioning * Spacious, practical living area * Private north-facing balcony * Well-appointed kitchen * Modern bathroom * Built-in bedroom storage * Secure car accommodation * Low-maintenance apartment living * Established complex of 18 lots * Currently leased at **$500 per week until 10 February 2027** * Excellent opportunity for an owner-occupier or investor * Strong sinking fund position Outgoings *Total body corporate contributions: approximately $4,936.10 p.a.or $95 per week * Council rates: approximately $548.80 per quarter * Water: approximately $298.22 per quarter, subject to usage * Current rent:$500 per week * Current tenancy: secured until 10 February 2027 * **No current special administrative or sinking fund contributions** The Best of Both Worlds Whether your goal is to buy your first home, secure a foothold in Brisbane's property market or add another investment to your portfolio, this apartment gives you the flexibility to do either. Enjoy it as your own home, or take advantage of the existing tenancy and rental income while you plan your next move. Located in Lutwyche, you're within easy reach of shops, cafes, public transport and Brisbane's CBD, making this a location that appeals strongly to both residents and tenants. Properties offering this level of flexibility don't come along often — inspect 10/47 Norman Avenue and see the opportunity for yourself. *Outgoings are based on information available within the Seller Disclosure and associated body corporate documentation. Buyers should make their own enquiries and rely on current authority statements prior to purchase. Disclaimer: One of the images in this advertisement has been digitally staged for illustrative purposes only. The furniture, furnishings and/or décor shown in this image may not be present at the property. Prospective buyers should rely on their own inspection of the property.**Important* While we take every care in preparing the information contained in this marketing, we want to note that The Property Associates will not be held liable for any typing errors or inaccuracies. All information is deemed correct at the time of publishing.
RealistIQ deal score
Neutral value signal
13
/100
Review the estimated value range, comparable sales, suburb trends, and market signals for 10/47 Norman Avenue, Lutwyche before you inspect or make an offer.
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Estimate vs market price guide
Market price guide is $92,000 above RealistIQ estimate
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RealistIQ estimate range: $463,000 - $723,000Wider ranges mean more uncertainty.
RealistIQ estimate$593,000
Market price guide$685,000
$463,000$723,00012-month Property Outlook
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Property features
Features detected from the listing details.
Comfort
Air conditioning
Outdoor & building
Balcony / deck
Lifestyle & views
North-facing
Listing details
- Status
- Offers from $685,000 considered
Agent and agency
larger land
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