49 Norman Street, WooloowinQLD 4030

Offered to the market for the first time in 25 years, 49 Norman Street is a property unlike anything else in Wooloowin. Whether you are a savvy investor chasing incredible yields, a multi-generational family needing serious space, or a homebuyer looking for a property that literally pays for itself-this is the one. Set on a prime 600m² block with a massive 20m frontage, this historic character residence (circa 1920) has been lifted and built-in underneath, creating two entirely separate, massive living quarters. The Cash Cow (Downstairs): - Massive Income Stream: Featuring 6+ bedrooms, a sizeable kitchen, and 2 bathrooms/toilets. - Ready to Earn: Currently generating around $1,000 per week (with potential up to $1,400/wk if rooms are rented individually). - The Benefit: Live upstairs while the downstairs tenants completely smash your mortgage repayments! The Character Blank Canvas (Upstairs): - Historic Charm: Upstairs features a sprawling 5-bedroom layout with 2 bathrooms and original 1920s colonial character. - Add Massive Value: It's in neat, original condition and ready for its next chapter. With an estimated $150,000 renovation budget, you can completely overhaul the kitchen, bathrooms, flooring, and paint to create a brand-new luxury haven upstairs while the downstairs continues to fund your lifestyle. The Development Upside: Sitting on a flat 600m² allotment with a 20m frontage, there is massive future potential here to subdivide into two prime Wooloowin lots (Subject to Council Approval). Land bank now and reap the rewards later! Unbeatable Wooloowin Location: - Positioned in one of Brisbane's most highly sought-after, blue-chip suburbs. You are just moments from local cafes, train stations, Eagle Junction, and within top local school catchments. - Opportunities with this level of flexibility, passive income, and future wealth creation are virtually unheard of. Send me a DM to request the floorplan and arrange your private inspection!