OFF MARKET

28 Penelope Street
Murarrie QLD 4172

Bedrooms: 5
Bathrooms: 3
Car spaces: 3
Floor area: 165m2
Land area: 590m2
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Last updated 16 Dec 2024
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Property Details for 28 Penelope St, Murarrie

28 Penelope St, Murarrie is a 5 bedroom, 3 bathroom House with 3 parking spaces and was built in 1960. The property has a land size of 590m2 and floor size of 165m2. While the property is not currently for sale or for rent, it was last sold in December 2022.

Building Type
House
Year Built
1960
Floor Size
165m2
Land Size
590m2
Local Government
Brisbane
Lot/Plan
24/RP155453

Last Listing description (December 2024)

With the potential of $57,000 annual rental return, this high yielding investment is a must see.

This is a unique opportunity for a savvy investor or multi-generational family to secure a large property with a house plus two separate granny flats on one title.

Situated on a sizeable 590sqm block, the main house was built in the 60's/70's with recent upgrades, while the two separate granny flats were built circa 2006, each offering private entry and self-contained living.

Extremely well-maintained and featuring solid returns of approximately $1030 per week, with the potential to yield a higher rental income, this is an exceptional investment opportunity to add to your portfolio.

Alternatively, retain the residence as a large family home with three bedrooms upstairs and two granny flats/studios on the ground floor for guests or as a teenage retreat. Close to amenities with schools, transport and shopping precincts on your doorstep, this is a prime property in a superb location.

House:
- Three-bedroom, one-bathroom large main home
- Currently rented at $530 per week (potential to rent for $560 per week)
- Open plan living and dining area with timber floors
- Functional kitchen with quality appliances and large benchtops
- Air-conditioning throughout the living space and bedrooms
- New Carpet
- Laundry with ample storage space
- Single lock up garage

Unit 1 & Unit 2:
- Two studio units or self-contained granny flats
- Currently rented at $240 per week each (potential to rent for $270 each per week)
- Open plan designs with functional kitchens
- Laundry and Bathrooms
- Both include air-conditioning
-New hot water system installed 2 years ago
- Flat 2 has a separate laundry and covered patio area

Each flat has its own fully fenced yard and plenty of off street parking. Each flat also has its own hot water system and electricity is separately metered. No body corporate fees.

Located just 16 minutes from the CBD and 8 minutes to Brisbane Airport, this property is positioned in a fantastic pocket of Murarrie so close to the Port of Brisbane, Gateway Motorway, bus stops and train station. Great for families, you are only 900m from Murarrie State School, 2km to Cannon Hill Anglican College and moments from kindergartens and childcare. Enjoy shopping and dining at Cannon Plaza 6 minutes away, or venture to the nearby precincts of Morningside, Bulimba and Westfield Carindale.

An excellent multi-generational home or investment property, you simply must inspect

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Property History for 28 Penelope St, Murarrie, QLD 4172

A timeline of how this property has performed in the market
Last Sold
$910,000
02 Dec 2022
Listed for Rent
$200/w
07 Mar 2013
  • 02 Dec 2022
    Sold for $910,000
  • 23 Jun 2022
    Listed for Sale Offers over $979,000 "TRI-Living: 3 homes in 1"
  • 24 Jan 2018
    Listed for Rent $220 / week
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About Murarrie 4172

The size of Murarrie is approximately 9.4 square kilometres. It has 18 parks covering nearly 10.7% of total area. The population of Murarrie in 2011 was 3,957 people. By 2016 the population was 4,310 showing a population growth of 8.9% in the area during that time. The predominant age group in Murarrie is 30-39 years. Households in Murarrie are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Murarrie work in a professional occupation. In 2011, 65.3% of the homes in Murarrie were owner-occupied compared with 62.8% in 2016.

Murarrie has 2,639 properties. Over the last 5 years, Houses in Murarrie have seen a 82.95% increase in median value, while Units have seen a 59.42% increase. As at 30 November 2024:

  • The median value for Houses in Murarrie is $1,132,010 while the median value for Units is $870,801.
  • Houses have a median rent of $700 while Units have a median rent of $670.
There are currently 14 properties listed for sale, and 11 properties listed for rent in Murarrie on OnTheHouse. According to CoreLogic's data, 140 properties were sold in the past 12 months in Murarrie.

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