74 Buchanan RoadMorayfield QLD 4506
Property Details for 74 Buchanan Rd, Morayfield
74 Buchanan Rd, Morayfield is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1992. The property has a land size of 600m2 and floor size of 100m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 3 bedroom House sold in Morayfield in the last 12 months.
Last Listing description (March 2024)
Welcome to 74 Buchanan Road, Morayfield…
In a prime location, this low-set brick home has endless potential! Suitable for investors, first home buyers or those looking to renovate and flip for a quick and easy profit, you can’t go past this 600m2 block property in the heart of Morayfield.
PROPERTY FEATURES INCLUDE;
> Master also features a built-in robe
> Main bathroom with a shower, bath and vanity
> Living area features split system air-conditioning
> Dining area features sliding doors to backyard
> Kitchen has electric cooking and ample storage space
> Separate laundry with external access also houses the toilet
> Low-maintenance yard
> Garden sheds
> Side access
Built in 1992, you have great access from the front, all the way to the back, ideal for those with trailers or those wanting easy side access for a shed. Low maintenance gardens and a solid structure mean this property has the perfect foundation for open-ended potential.
LOCATION
Located in the center of Morayfield, you will find yourself within close proximity to…
> Morayfield shopping Centre – 4 minute drive
> Morayfield State High School – 1 minute drive
> Morayfield Train Station – 2 minute drive
> Bruce Highway – 5 minute drive
> Several more primary schools, high schools and day care centres are located near by
TENANCY AND RENTAL APPRAISAL
This property is currently tenanted on a periodic basis. The property currently receives $410 p/w, however an updated rental appraisal completed reflects a rental return of $480 - $500 p/w. Based on the updated rental appraisal and current list price, investors could potentially receive an approximate 5% gross rental return.
Receiving plenty of interest already, this property won’t be on the market long!
Contact Ali Heeps today to register your interest and to find out more.
Property History for 74 Buchanan Rd, Morayfield, QLD 4506
- 01 Mar 2024Sold for $557,800
- 22 Feb 2024Listed for Sale $519,000
- 14 May 2021Listed for Rent $350 / week
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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 12,465 properties. Over the last 5 years, Houses in Morayfield have seen a 107.80% increase in median value, while Units have seen a 109.20% increase. As at 31 October 2024:
- The median value for Houses in Morayfield is $747,813 while the median value for Units is $519,476.
- Houses have a median rent of $560 while Units have a median rent of $460.
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