This well-presented lowset brick home sits proudly on a generous 800m² block, offering a solid opportunity for investors seeking immediate rental income with future growth potential. Currently leased to long-term tenants who are happy to stay on, the property is secured with a fixed tenancy until 15 February 2027, returning $490 per week.
Originally built in the mid-1980s, the home features brand new retaining walls at both the front and rear, along with a substantial 4m x 6m shed-ideal for motorbike or vehicle storage, or as a workshop for those who like to tinker. The spacious yard provides plenty of room for kids and pets.
While the home is neat and functional, it does require some TLC, with a brand-new upright cooktop and dishwasher currently being installed. Further improvements, including fencing upgrades and cosmetic repairs, would enhance the property, offering strong potential to add value over time.
Conveniently located just minutes from Morayfield's town centre, this property presents a practical entry into the market for investors or patient buyers willing to wait out the current lease and capitalise on its future potential.
Property features include:
• Combined lounge and dining area with air conditioning
• Functional kitchen with upright stove, dishwasher, and ample storage
• Three bedrooms, all with ceiling fans and built-in wardrobes
• Spacious family bathroom (repairs may be required - refer to building and pest report)
• Internal laundry
• Timber-look flooring with carpeted bedrooms
• Security screens and doors throughout
• Large covered outdoor entertaining area overlooking the backyard
• Gated carport with tandem parking options
• Two garden sheds plus additional Colorbond shed (approx. 4m x 6m) (note: covered patio at front of shed is not council approved)
• Fenced backyard with established gardens and cubby house
• 800m² block
• New retaining walls to both front and rear
Location highlights:
• Close to everyday conveniences and local amenities
• Approx. 2-minute drive (or easy walk) to Minimbah State School
• Around 2 km to Morayfield Shopping Centre
• Only 5 minutes to Caboolture CBD
• Close to Caboolture River reserve, parklands, and a local park just 150 metres away
• Approx. 20 minutes to Westfield North Lakes
• Around 45 minutes to Brisbane CBD and 50 minutes to the Sunshine Coast
Please note:
• Tenant-owned items excluded from the sale:-
Bar and stools, party lights and 2 x fluro lights over bar on the rear patio, portable air-conditioning unit in the front guest bedroom, 1 x external dome light under shed patio and ramp leading into the shed
• A full building and pest report, along with a Form 2 Seller Disclosure Statement, is available for prospective purchasers
Disclaimer:
• In preparing this information, Dewar Estate Agents and Agents Agency and its members have relied in good faith upon information provided by others and have made all reasonable efforts to ensure the accuracy of the information. However, no warranty is given and interested parties must make their own enquiries to satisfy themselves as to the correctness of the information provided.
• Floorplan Disclaimer: All room sizes on the floor plan are approximate. Buyers are responsible for verifying the accuracy of room measurements.
