94 Algoori St, Morningside is a 5 bedroom, 3 bathroom House with 2 parking spaces and was built in 2025. The property has a land size of 610m2 and floor size of 344m2. While the property is not currently for sale or for rent, it was last sold in October 2023.
Nestled in the premium pocket of Morningside, this immaculately presented property is a standout investment opportunity. It comprises two spacious 2-bedroom flats, each thoughtfully designed with separate entries, spacious bedrooms, well-appointed kitchens, lounges, bathrooms, and individual garages.
Currently, both flats are leased and generating rental income until early next year, providing an immediate return on your investment. This is an excellent opportunity for savvy investors looking to secure a steady income stream and the perfect opportunity for dual living. Furthermore, rest assured that the property sits on a flood-free block, offering peace of mind for your investment.
Moreover, for those with grander aspirations, there's the exciting possibility of merging both flats into one grand residence. With a generous 610m2 block at your disposal and a north-facing backyard bathed in natural light, the potential is boundless. Additionally, the property's post-war status means that, subject to council approval, it can be redeveloped to suit your future vision.
Property Features:
- Two x 2- Bedroom flats separately metered
- Recently painted throughout & updated kitchens
- 2 Car lockup shed plus storage with individual access.
- Airconditioning & ceiling fans in both units
- Large 610m2 block with North facing backyard
- Approximately 15m frontage to Algoori Street
The property is conveniently located just a short walk from Morningside Central shopping centre, Morningside Tennis centre, and Monocle Coffee. With nearby bus stops and Morningside train station, you'll have easy access to the CBD. The peaceful surroundings are also close to Morningside's dining options and reputable schools like St Peter & Paul's Primary and CHAC.
Don't miss out on this unique opportunity to secure your future in the thriving community of Morningside. Contact us today to arrange a viewing and discover all that this property has to offer.
The size of Morningside is approximately 5.4 square kilometres. It has 16 parks covering nearly 8.9% of total area. The population of Morningside in 2011 was 9,399 people. By 2016 the population was 10,484 showing a population growth of 11.5% in the area during that time. The predominant age group in Morningside is 20-29 years. Households in Morningside are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Morningside work in a professional occupation. In 2011, 48.1% of the homes in Morningside were owner-occupied compared with 48.3% in 2016.
Morningside has 6,467 properties. Over the last 5 years, Houses in Morningside have seen a 82.44% increase in median value, while Units have seen a 76.38% increase. As at 31 October 2024:
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.