Property Details
Unlock the Potential – Renovator’s Dream with Development Upside!
Discover the opportunity that awaits you! This 70's build home sits on a decent 660m2 block in a growing neighbourhood, offering a classic layout today and exciting development potential tomorrow.
Whether you're looking to move in, renovate, or invest, this is a rare chance to secure a property with long-term value.
This home is in need of some extra TLC and would be ideal for someone looking to take on a project OR a savvy investor who wants to do general maintenance and reap the rewards. This property is ready for someone who has a vision and plans to profit.
PROPERTY FEATURES;
> Prime location
> Built in 1970
> Floorboards throughout living areas and bedrooms
> Lounge room upon entry with ceiling fan
> Kitchen features electric cooking and overlooks backyard and deck
> Master bedroom features ceiling fan and built-in robes
> Bedrooms 2 and 3 – no built-ins
> Bathroom has separate vanity area, separate toilet and a shower over bath
> Separate laundry
> Under house car accommodation with workshop space
> Spacious backyard with stairs leading down back
> Room to add double gates for large side access – currently only a pedestrian gate
> Gas hot water
> Flood and easement free
> Zoned next generation*
LOCATION
Centrally located, you will find travelling to and from anywhere a breeze…
> Bunnings Morayfield – approx. 2 minute drive
> Morayfield Shopping Centre – approx. 5 minute drive
> Morayfield Train Station – approx. 5 minute drive
> Bruce Highway access – approx. 7 minute drive
> Several primary schools, high schools and day care centres within a 10 minute drive
INVESTORS
If you’re an investor, the rent retained at the property is currently $500 p/w until January 2026 due to the previous tenants having a rent increase occur in January 2025. This property is however currently vacant.
Under QLD legislation rent can only be increased once in a 12-month period and holds to the property rather than the tenancy. In the case of 38 Walkers Road, Morayfield, the previous tenants signed a new lease with a rent increase to $500p/w in January 2025 but chose to break their lease and vacate early prior to the property going on the market. This therefore means the property is vacant but still retains the $500 p/w rent.
DEVELOPMENT
The property is zoned Next Generation and has the potential for future development. Please do your own research.
Ideal for developers, renovators, or savvy investors you won’t want to miss out! Opportunities like this don’t come often.
NOTE: Please be aware this property is being sold "as is".
Contact Ali Heeps today to find out more on 0450522671 or ali@4510.com.au.
Land area
660 sqm (approx)
