SOLD
Sold on 18 Jul 2024 for $940,000

3/50 Junction Road
Griffin QLD 4503

Bedrooms: 5
Bathrooms: 3
Car spaces: 3
Land area: 590m2
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Property Details for 3/50 Junction Rd, Griffin

3/50 Junction Rd, Griffin is a 5 bedroom, 3 bathroom Unit with 3 parking spaces and was built in 2015. The property has a land size of 590m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 5 bedroom Unit sold in Griffin in the last 12 months.

Building Type
Unit
Year Built
2015
Land Size
590m2
Local Government
Moreton Bay
Lot/Plan
7/SP271753

Last Listing description (August 2024)

Presented to market for the first time since it was built in 2015, this fantastic 5 bedroom, 3 bathroom, 3 lock up garage property, on a 590m2, a very modern and low maintenance dual key property with two great tenants in place.

This is an amazing opportunity to secure your investment property or simply buy it as an owner occupier to live in one unit and rent the other.

Features include:

Unit 3A :
- 2 Built-in bedrooms
- Open plan kitchen and dining
- Extra living area
- Under cover outdoor area overlooking a good size backyard
- Currently tenanted till Aug 2024 for $420 a week.
- Single remote controlled lock up garage

Unit 3B :
- Three built in bedrooms
- Main bedroom complete ensuite, double robs and air conditioning
- Bedroom two and three with ceiling fans and built in robes
- Large open plan living & dining
- Under cover outdoor area with a great size and fully fenced size yard
- Currently rented for $500 per week till Feb 2025.
- Double Lock-up garage

Close to schools, transport, shops and easy access to the highway.

With so much money being invested into infrastructure upgrades in Griffin such as the new Fresh Water Place shopping centre, that includes Wollies, restaurants and caffes. it makes sense that a property in this area is a very safe investment and is an opportunity to potentially create an extra stream of cashflow for the savvy investor wanting to get into dual occupancy property.

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Property History for 3/50 Junction Rd, Griffin, QLD 4503

A timeline of how this property has performed in the market
Last Sold
$940,000
18 Jul 2024
  • 18 Jul 2024
    Sold for $940,000
  • 08 Jul 2024
    Listed for Sale Inviting offers
  • 20 May 2015
    Sold for $225,000
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About Griffin 4503

The size of Griffin is approximately 17.2 square kilometres. It has 12 parks covering nearly 6.7% of total area. The population of Griffin in 2011 was 2,357 people. By 2016 the population was 6,830 showing a population growth of 189.8% in the area during that time. The predominant age group in Griffin is 20-29 years. Households in Griffin are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Griffin work in a trades occupation. In 2011, 61.5% of the homes in Griffin were owner-occupied compared with 39.3% in 2016.

Griffin has 6,041 properties. Over the last 5 years, Houses in Griffin have seen a 76.15% increase in median value, while Units have seen a 88.28% increase. As at 30 September 2024:

  • The median value for Houses in Griffin is $849,977 while the median value for Units is $590,520.
  • Houses have a median rent of $613 while Units have a median rent of $550.
There are currently 34 properties listed for sale, and 16 properties listed for rent in Griffin on OnTheHouse. According to CoreLogic's data, 345 properties were sold in the past 12 months in Griffin.

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