49 Norman Street

Wooloowin QLD 4030

House

Currently for sale - view listing

Overview

MORTGAGE DESTROYER ? RARE OPPORTUNITY

Offered for the first time in 25 years, this unique property presents an exceptional opportunity for homeowners or investors seeking strong rental returns. Step into a charming 5-bedroom family colonial residence (circa 1899), with 2 bathrooms up stairs, complemented by an additional 7 bedrooms on the lower level also with 2 bathrooms. This versatile layout opens the door to multiple income streams and lifestyle options. Income Potential: * Up stairs ideal for a large family or... ï¿½ Rent individual downstairs rooms at approximately $200 per week, generating up to $1,400 per week ï¿½ Ideal for student accommodation or shared living setups Development Upside: ï¿½ Situated on a generous 600sqm allotment with 20m frontage ï¿½ Potential to subdivide into two lots (subject to council approval) ï¿½ Each allotment in sought-after Wooloowin could be worth approximately $1M Flexible Living: ï¿½ Perfect for owner-occupiers-live upstairs while renting out the lower level ï¿½ Create a steady passive income stream while reducing your mortgage burden Opportunities with this level of flexibility, income potential, and future upside are rarely available. Secure your financial future with this standout property. Enquire today-properties like this don't last long! ID:21173287