20 Norman Street, Fig Tree Pocket, QLD 4069

20 Norman Street, Fig Tree Pocket, QLD 4069
A Great Block For Your Dream Family Home

To enquire, please email or call 1300 815 051 and enter code 1268

If you’ve been searching for a block of land in one of Brisbane's most prestigious suburbs, to build your ultimate family home on, then Lot 4, 20 Norman Street Fig Tree Pocket is great value.

This approx. 702m2 block, 17m wide x 41.5m deep, is part of a relatively new 6 lot completed subdivision, with separate titles now available, ready to build on.

There is so much potential here. With a 3m slope over 20m, these lots are ideal for a stepped house, with a granny flat, kids retreat, guest room, craft or storage area, parking, or even rental below. A lower level could be completed at a later date, with the footings poured in the first stage.

A sloping block will typically add about $10,000 to $15,000 to the cost of a build per metre of fall over the site, or $30,00 to $45,000 for this Lot for good Builders. A lower cost of land compensates for the extra cost of building on a slope.

The smaller upper level blocks on the site are already worth over $1 million dollars each. Contact Agent/Owner/Developer for a copy of previous Valuers report.

There are some very competent Builders who are quite capable of building on sloping blocks like Coral Homes, Davenport Homes, OJ Pippen Homes, Stroud Homes, or Edenview or Hudson Homes who are building the houses on Lot 3 and Lot 1. The Developer, Owner and Agent is a very experienced Consulting Structural Engineer that can help with economically designing same. The soil type is Class M clay or better.

There is some traffic noise from the Centenary Highway to the west that provides great access to Brisbane but this can easily be mitigated using double glazing, or laminated glass, or the award winning Silenceair vents. Designing the house round a courtyard or pool facing north or northeast will also block out such noise with beautiful morning sun and deflecting the hot western sun in Summer.

Rear blocks also provide greater privacy and security and a lovely green backdrop to the west that can't be built out. Large double glazed shaded windows to the west would make a lovely rear outlook.

A typical design showing an upper and lower level is included as an example only. Only land is being sold here.

There is also a gorgeous Helidon sandstone wall to the entry to this Lot, with a soon to be completed landscaped entry in accordance with the Landscape Architect designed plan.

This great location places the new owners within a lovely family-friendly neighbourhood. Nearby are local parks, the Brisbane River, cafes, supermarkets and the Centenary bike path and walkway, that links to the city and multiple local bus stops.

It is also within easy reach of the Indooroopilly Shopping Centre, Indooroopilly train station and a great selection of schools, dining options, shops and amenities.

Those who work in the CBD will enjoy being a short drive from the Centenary Highway and the Link Tunnel, which will get you into the city or airport in under 20 minutes.

The Brisbane property market is very strong:

https://propertyupdate.com.au/whats-ahead-brisbanes-property-market/

When interest rates start falling, property is likely to take off again, particularly if the stock market falters.

Subdivided land of a reasonable size, under a million dollars in Fig Tree Pocket is becoming increasingly scarce because Brisbane City Council makes the subdivision process incredibly difficult, lengthy and expensive.

Property guru Michael Matusik currently estimates there is only 9 weeks of supply of vacant subdivided housing lots for sale, in the whole of South East Queensland. Some buyers are simply going to miss out looking for the perfect block while land values escalate.

When the construction for the Brisbane Olympics starts it will become even more difficult to get tradesmen in Brisbane. Best to get in now before building prices escalate from such shortages even further.

To enquire, please email or call 1300 815 051 and enter code 1268