SOLD
Sold on 23 Jul 2024 for $770,000

1/80 Meadowview Drive
Morayfield QLD 4506

Bedrooms: 4
Bathrooms: 3
Car spaces: 2
Floor area: 82m2
Land area: 313m2
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Property Details for 1/80 Meadowview Dr, Morayfield

1/80 Meadowview Dr, Morayfield is a 4 bedroom, 3 bathroom Unit with 2 parking spaces and was built in 2018. The property has a land size of 313m2 and floor size of 82m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 4 bedroom Unit sold in Morayfield in the last 12 months.

Building Type
Unit
Year Built
2018
Floor Size
82m2
Land Size
313m2
Local Government
Moreton Bay
Lot/Plan
206/SP282274

Last Listing description (October 2024)

Located in Morayfield rests this dual occupancy residence. Offering two separate tenancies with leases in place or the option to keep one as an investment and live in the other in time to come.

Crafted to maximise the income for the savvy investor with two properties on one title, low maintenance and NO BODY CORPORATE FEES.

Both units have open plan living, kitchen and dining areas, access to on street and off street parking, a single secured garage with a shared driveway and separate fenced grassed backyards with a covered patio area.

Rental income is currently $810 per week for both properties, with the possibility of increasing with lease renewal in the future.

Unit 1 - Currently rented @ $480 per week -
- Three bedrooms with built-in robes and ceiling fans and air-conditioner in main
- Ensuite to master bedroom and generous size main bathroom
- Spacious modern kitchen with stainless steel appliances
- Open plan, air-conditioned living area
- Low maintenance, fully fenced yard
- Single remote lock up garage
- Covered outdoor area

Unit 2 - Currently rented @ $330 per week -
- One bedroom with built-in and air-conditioning
- Modern kitchen with dishwasher
- Open plan living and dining with air-conditioning
- Covered outdoor area
- Fully fenced back yard
- Single remote garage

Morayfield is a high growth location with strong employment opportunities, high rental demand, close to schools, shopping centres and public transport.

This property is well maintained with both units currently leased, enjoy immediate rental income of $810 per week combined, with leases extensing into late 2024.

For more information or to arrange a private viewing, please contact me today.

Property Code: 10685

Property History for 1/80 Meadowview Dr, Morayfield, QLD 4506

A timeline of how this property has performed in the market
Last Sold
$770,000
23 Jul 2024
Listed for Rent
$330/w
02 Apr 2019
  • 07 Sep 2024
    Listed for Sale Inviting Offers
  • 23 Jul 2024
    Sold for $770,000
  • 13 Nov 2017
    Sold for $155,000

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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 12,671 properties. Over the last 5 years, Houses in Morayfield have seen a 109.20% increase in median value, while Units have seen a 102.19% increase. As at 30 November 2024:

  • The median value for Houses in Morayfield is $758,071 while the median value for Units is $516,158.
  • Houses have a median rent of $560 while Units have a median rent of $460.
There are currently 91 properties listed for sale, and 79 properties listed for rent in Morayfield on OnTheHouse. According to CoreLogic's data, 1121 properties were sold in the past 12 months in Morayfield.

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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.