SOLD
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Sold on 24 Aug 2024 for $540,000

5/26-38 Petersen Road
Morayfield QLD 4506

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Land area: 136m2
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Property Details for 5/26-38 Petersen Rd, Morayfield

5/26-38 Petersen Rd, Morayfield is a 3 bedroom, 2 bathroom Townhouse with 2 parking spaces. The property has a land size of 136m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 3 bedroom Townhouse sold in Morayfield in the last 12 months.

Building Type
Townhouse
Land Size
136m2
Local Government
Moreton Bay
Lot/Plan
5/SP234629

Last Listing description (August 2024)

Discover the perfect blend of comfort and convenience with this well-maintained 3-bedroom townhouse. Situated in a premium location and backing onto beautiful bush surroundings, this townhouse complex offers the best of both worlds. Just a short walk to Morayfield Shopping Centre, Morayfield State School, and two local childcare centres, it's also only a 5-minute drive to the local train station and a 10-minute drive to the Bruce Highway. This property is an ideal home or a fantastic investment opportunity a fantastic investment opportunity with solid profit potential and lovely, stable tenants already in place.

Property Features:

Ground Floor:

• Open-plan living, dining, and kitchen area
• Air-conditioning
• Separate toilet
• Sliding door access to an outdoor undercover patio/entertaining area

Upper Floor:
• 3 spacious bedrooms with ceiling fans
• Master bedroom with ensuite, walk-in wardrobe, and private balcony
• 2 additional bedrooms with built-in wardrobes
• Spacious main bathroom with bath and shower

Additional Features:
• Modern kitchen with ample cupboard space, electric stove, and dishwasher
• Separate laundry next to the kitchen with good storage
• Air-conditioning
• Security screens
• Single auto remote lock-up garage with internal access
• Outdoor patio entertaining area
• Fully fenced backyard with lush reserve views
• Low-maintenance gardens
• NBN connection
• Resort-style pool and gym
• Secure gated & CCTV system
• Pets allowed subject to Body Corporate approval
• Onsite property management available 24/7

Financials:
• Body Corporate admin+ sinking fund+ insurance=Approx. $850 per quarter

Tenancy:
• Currently tenanted until October 2024
• Rent: $450 per week
• Rental appraisal: $480-$500 per week

Whether you are an investor or owner-occupier, you will love the quality of this unit and its surrounding amenities. Don't miss out on this exceptional opportunity. Contact us today to arrange an inspection.

Photos are for illustration purposes only.

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Property History for 5/26-38 Petersen Rd, Morayfield, QLD 4506

A timeline of how this property has performed in the market
Last Sold
$540,000
24 Aug 2024
Listed for Rent
$315/w
21 May 2018
  • 10 Aug 2024
    Sold for $540,000
  • 07 Aug 2024
    Listed for Sale UNDER CONTRACT
  • 09 Apr 2018
    Listed for Rent - Price not available
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About Morayfield 4506

The size of Morayfield is approximately 44.5 square kilometres. It has 58 parks covering nearly 6.3% of total area. The population of Morayfield in 2011 was 19,346 people. By 2016 the population was 21,403 showing a population growth of 10.6% in the area during that time. The predominant age group in Morayfield is 0-9 years. Households in Morayfield are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Morayfield work in a trades occupation. In 2011, 58.3% of the homes in Morayfield were owner-occupied compared with 55.1% in 2016.

Morayfield has 12,448 properties. Over the last 5 years, Houses in Morayfield have seen a 102.72% increase in median value, while Units have seen a 104.11% increase. As at 30 September 2024:

  • The median value for Houses in Morayfield is $744,078 while the median value for Units is $513,510.
  • Houses have a median rent of $550 while Units have a median rent of $460.
There are currently 109 properties listed for sale, and 69 properties listed for rent in Morayfield on OnTheHouse. According to CoreLogic's data, 1139 properties were sold in the past 12 months in Morayfield.

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Cissy Zhang
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Australian Property Alliance Management
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