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Back 50 Morehead Street
Off Market

50 Morehead Street

Bungalow QLD 4870

3
2
7
495 m²
495 m²
House
Last sold for $848,000
Ben KeeneBen Keene, last sold this property on 16 November 2025 after 207 days on market.

Overview

VERSATILE QUEENSLANDER WITH LIGHT INDUSTRY ZONING - LIVE, WORK, INVEST!

An outstanding opportunity presents itself with this unique dual-purpose property, perfectly suited for business operators, investors or those seeking to combine lifestyle and work. Located within a Light Industry Zoning, this classic Queenslander has been cleverly adapted for commercial use while offering comfortable residential living above. Ground Floor - Functional Commercial Setup: • Purpose-built office layout featuring a reception area, waiting room, kitchenette, and bathroom with combined laundry • Ideal for a wide range of business uses (STCA) • Previously operating as a car detailing business • Excellent street exposure and signage opportunities First Floor - Modern Residential Living: • Stylish and updated interiors • Three bedrooms • Open-plan living and dining with ample natural light • Well-appointed kitchen with gas cooktop • Central bathroom and internal laundry External Features - Ample Parking & Workshop Space: • Multiple undercover carports with capacity for up to six vehicles • Additional single car space beneath the house, complete with a handy workshop area • Extensively utilised grounds - ideal for vehicle-based businesses or tradespeople • Fully fenced property featuring an electric gate and comprehensive security camera system This is an excellent prospect for those looking to establish a business premises with live-in potential, or for investors searching for a dual-income opportunity in a well-connected industrial precinct. With ample on-site parking, flexible layout, and zoning that supports a variety of light industrial or service-based enterprises (STCA), this property is perfect for trades, automotive services, small manufacturing, or allied health professionals. The ability to live upstairs or lease it separately adds to the property's versatility and long-term value. Don't miss out - properties offering this level of functionality and zoning are rare! For further information or to arrange your private inspection, contact The Ray Murphy Team today. Disclaimer: This property is being sold without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes. All information contained is gathered from sources we believe to be reliable. In preparation of this advertisement our best endeavours have been made to ensure the information contained is true and accurate. However, we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements contained. Prospective purchasers are encouraged to make their own enquiries to verify the information contained in this advertisement.

Features

3 bedrooms
2 bathrooms
7 carspaces
7 carport spaces
495 m² floor area
495 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Bungalow over the last 12 months, the estimated median property value of 50 Morehead Street is $692.5k.

Median value
$692.5k
Estimated value range
$530k - $970k
Median days on market
20
Estimated value trend
18%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Bungalow. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 50 Morehead Street

2025
Sold
$848,000
Private Sale/Treaty on 16 Nov 2025 by Ben Keene, of Ray White Cairns

Happy sellers in Bungalow

93%
93% of sellers in Bungalow reported that their sale price either exceeded or met their price expectations.

Bungalow stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 13 reviews in Bungalow over the last 12 months.

Local market activity for 3 bedroom houses in Bungalow

In the last 12 months, 13 three-bedroom houses similar to 50 Morehead Street, have been sold.

This represents a 19% increase in three-bedroom houses sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Bungalow

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Zoe Wicks

Sellers who recommend Zoe Wicks have praised them for being clear communication, local expert, friendly, responsive, supportive, well-prepared and great negotiation

  •   4.9   (243 reviews)
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Alexie Aristides

Sellers who recommend Alexie Aristides have praised them for being clear communication, local expert, responsive, well-prepared, friendly, stress-free process and supportive

  •   4.9   (119 reviews)
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  •  2 Sales in Bungalow
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Kaine Rowe

Kaine Rowe is a recommended agent for Bungalow.  They have 2 local sales and collected 3 local reviews across the last 12 months.

  •   4.9   (218 reviews)
  •  3 Reviews in Bungalow
  •  2 Sales in Bungalow
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Ben August

Sellers who recommend Ben August have praised them for being local expert, clear communication, responsive, honest, supportive, trustworthy and friendly

  •   5   (279 reviews)
  •  2 Reviews in Bungalow
  •  1 Sale in Bungalow
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