OFF MARKET

71 Morehead Street
Bungalow QLD 4870

Bedrooms: 3
Bathrooms: 1
Car spaces: 10
Floor area: 84m2
Land area: 495m2
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Property Details for 71 Morehead St, Bungalow

71 Morehead St, Bungalow is a 3 bedroom, 1 bathroom House with 10 parking spaces and was built in 1960. The property has a land size of 495m2 and floor size of 84m2. While the property is not currently for sale or for rent, it was last sold in November 2020.

Building Type
House
Year Built
1960
Floor Size
84m2
Land Size
495m2
Local Government
Cairns Regional
Lot/Plan
48/RP714522

Last Listing description (September 2020)

Dont miss your chance to view this great property for sale which offers a great mix of both business and residential opportunities. Perfect for savvy investors or for those looking to occupy themselves, the property is great for the work-from-home tradesperson or local business owners due to the huge shed, being fully fenced, side access and residential and/or office space in the main home this property has it all.

There are side access gates on both sides of the property which lead to the 120m2 fully powered shed/workshop. There are two electric garage doors measuring 3.5m wide x 5m high. The owners have recently installed another bathroom in the shed/workshop area, including a shower and toilet.


In the home is a new, modern kitchen with upright stove and ample bench space. There is an internal laundry and separate toilet area. There are three bedroom or office areas, depending on how you plan to use the space, as well as a spacious living area. All have ceiling fans, air conditioners and are carpeted.

The property is secure, fully fenced and located in a quiet industrial area sitting on a spacious 495m2 block. It is next door to a lovely park area and just a couple of minutes drive into the CBD.

The property is currently rented to great tenants paying $480 per week.

For further information and viewing opportunities, please contact Katie.

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Property History for 71 Morehead St, Bungalow, QLD 4870

A timeline of how this property has performed in the market
Last Sold
$350,000
06 Nov 2020
Listed for Rent
$495/w
12 Mar 2019
  • 06 Nov 2020
    Sold for $350,000
  • 10 Mar 2020
    Listed for Sale Offers Over $410,000
  • 02 Jan 2019
    Listed for Rent - Price not available
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About Bungalow 4870

The size of Bungalow is approximately 2.2 square kilometres. It has 3 parks covering nearly 1.9% of total area. The population of Bungalow in 2011 was 2,164 people. By 2016 the population was 2,159 showing a population decline of 0.2% in the area during that time. The predominant age group in Bungalow is 20-29 years. Households in Bungalow are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Bungalow work in a trades occupation. In 2011, 35.1% of the homes in Bungalow were owner-occupied compared with 34.7% in 2016.

Bungalow has 1,964 properties. Over the last 5 years, Houses in Bungalow have seen a 58.49% increase in median value, while Units have seen a 53.45% increase. As at 30 November 2024:

  • The median value for Houses in Bungalow is $513,898 while the median value for Units is $316,963.
  • Houses have a median rent of $450 while Units have a median rent of $385.
There are currently 15 properties listed for sale, and 6 properties listed for rent in Bungalow on OnTheHouse. According to CoreLogic's data, 92 properties were sold in the past 12 months in Bungalow.

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