SOLD
Sold on 29 May 2024 for $1,050,000

92 Railway Terrace
Murarrie QLD 4172

Bedrooms: 6
Bathrooms: 2
Car spaces: 2
Floor area: 189m2
Land area: 607m2
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Property Details for 92 Railway Tce, Murarrie

92 Railway Tce, Murarrie is a 6 bedroom, 2 bathroom House with 2 parking spaces and was built in 1950. The property has a land size of 607m2 and floor size of 189m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 6 bedroom House sold in Murarrie in the last 12 months.

Building Type
House
Year Built
1950
Floor Size
189m2
Land Size
607m2
Local Government
Brisbane
Lot/Plan
156/RP48068

Last Listing description (July 2024)

Just listed is our functionally versatile, split level, dual living home located on a breezy hillside street, south facing and slightly elevated as it stands hill side positioned above road level and gently sloping towards the front.

A uniquely rare opportunity awaits an astute buyer searching for that multipurpose property which aligns to their specific needs.

PROPERTY USE OPTIONS:

1. Move In To Accommodate Large & Expanding Family.
2. Live In The Lower Level & Rent Out The Upper Level.
3. Invest In As Individual Rooming Housing (*possible 7% ROI).

Are you that soon to be home owner needing to cater for that large, extended family requiring a little extra space to stretch out. This two story, dual dwelling home with private entertainment area and resurfaced in-ground pool out front and fully fenced yard with double shed out back - could be the right fit for your family home solution.

Maybe you're that potential buyer wanting to boost your loan repayments to pay off your home earlier or even lower your cost of living by renting out the 3 bed upper level with freshly painted interior and newly polished wood floors while residing in the lower level of this split level, dual living property, with ensuite, large walk in robe and private exit out to your personal patio area - may just be the answer to your affordable housing solution.

Now whether you are a well seasoned property Investor veteran or a switched on startup, your due diligence will provide clarity that this property's current ability, plus key location, amenity proximity and range of transport, shows great potential and as a rooming house rental. Especially with some further renovation, anywhere from a few functional alterations through to an extensive modernisation to fully capitalise on this niche market, dual occupancy 3 + 3 bed - ideally providing both a lucrative and secure investment portfolio addition.

PRIVATE INSPECTION BOOKINGS:
Make haste so not to miss the niche opportunity this multipurpose housing has to offer.
Book a private inspection today.

KEY PROPERTY DETAILS:
- Lot: 156 RP48068
- Type: House
- Zoning: Low Res
- Rates: *$460 per 1/4
- Land Value: $495 k
- Lower Level: 140 m2
- Upper Level: 120 m2
- Total Internal: 260 m2
- Total External: 140 m2
- Total Build: 400 m2
- Land Size: 607 m2
- Frontage: 24.8 m

KEY AMENITY PROXIMITY:
- Bus Stop (outbound): 30 m
- Bus Stop (inbound): 50 m
- Railway Overpass: 50 m
- Green Space: 70 m
- Local Shops: 260 m
- Local School: 350 m
- Railway Station: 350 m
- Recreational Park: 550 m
- Shopping Centre: 750 m
- 24hr Service Station: 1120 m
- Bus Transport Hub: 1180 m
- Gateway Bridge: 1300 m
- CBD Direct Line: 7 km

Book a private inspection - Contact to arrange a time which suits you.

Note: (* = approximate or estimated)

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Property History for 92 Railway Tce, Murarrie, QLD 4172

A timeline of how this property has performed in the market
Last Sold
$1,050,000
29 May 2024
  • 29 May 2024
    Sold for $1,050,000
  • 03 Apr 2024
    Listed for Sale Interested? Submit An Offer...
  • 29 Nov 2005
    Sold for $370,000
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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 2,604 properties. Over the last 5 years, Houses in Murarrie have seen a 85.88% increase in median value, while Units have seen a 66.90% increase. As at 31 October 2024:

  • The median value for Houses in Murarrie is $1,145,712 while the median value for Units is $887,366.
  • Houses have a median rent of $700 while Units have a median rent of $670.
There are currently 19 properties listed for sale, and 11 properties listed for rent in Murarrie on OnTheHouse. According to CoreLogic's data, 127 properties were sold in the past 12 months in Murarrie.

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