Project Overview
The size of Norwood is approximately 2 km². It has 13 parks covering nearly 4% of the total area. There are 4 schools and 4 childcare centres located in Norwood. The population of Norwood in 2001 was 5,305 people. By 2006 the population was 5,711 showing a population growth of 8% in the area during that time. The predominant age group in Norwood is 20 - 29 years. Households in Norwood are primarily lone occupant. In general, people in Norwood work in a professional occupation. In 2001, 49% of the homes in Norwood were owner-occupied compared with 51% in 2006. At 2008 the median sale price of houses in the area was $572,500.
Objectives
Was to maximise the investor's return on investment through speculative property development.
Project Details
| Address | 20 Chapel St |
| Site Size | 865 m2 |
| Council | Norwood |
Proposed Development
| # Allotments / Dwellings | 5 |
| Type of Dwellings | Double Storey Row Townhouse |
| Construction Materials | Hebel Panel / Timber / Colourbond / Gyprock |
| Buyer Demographic | Professional's, City based Employee's, Overseas Student's |