Sold
Last Asking Price - $410,000
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32/26-38 Petersen Road, Morayfield QLD 4506

Townhouse
321
Block size: 136 m² approx.

Tidy Long Term Investment with a Strong ROI of Approx. 5.68%!

Welcome to 32/26-38 Petersen Road, Morayfield.

Located in the quiet & well maintained Northfields complex on Petersen Road, this 3 bedroom, 2 bathroom townhouse is currently tenanted long term representing a fantastic & affordable investment opportunity with a strong gross rental return of approx. 5.68% per annum.

Downstairs features include;

> Air conditioned lounge room upon entry
> Spacious kitchen overlooks the backyard & tiled dining area
> Kitchen features Westinghouse appliances including electric stove/oven & dishwasher
> Single pantry & broom cupboard
> Separate laundry with toilet
> Single remote lock up garage with internal access to the home
> Security screens & doors throughout
> Gas hot water system
> Covered back patio area overlooking low maintenance backyard
> Superb location within the complex with no rear neighbours & a beautiful green outlook from the back patio

Heading up the internal stair case, features include;

> 3 x bedrooms all with built in robes & ceiling fans
> Air conditioned master bedroom features a front balcony, large walk in robe & ensuite with shower, toilet & vanity
> Spacious main bathroom with shower over the bath, toilet & vanity
> Brand new carpet upstairs
> Single linen cupboard

The Northfields complex is 14 years young & consists of approx. 50 townhouses, majority of which being owner occupied. The complex is well maintained by a full time care taker & offers excellent security with a front gate & CCTV system.

Your tenants already love having access to the stunning in-ground swimming pool that also offers an under cover meeting area & small in-door gym.

Body corporate admin + sinking fund contributions = Approx. $625.00 quarterly or approx. $2,500 per Annum.

As mentioned above, this townhouse is currently tenanted long term, with excellent tenants in place paying $470.00 rent per week with a fixed term lease in place until 30/01/2025. This equals a very healthy, gross return on your investment of approx. 5.68% at this asking price.

Convenience is a huge feature for this resort-style complex being within walking distance to Morayfield Shopping Centre, Morayfield Bunnings, Multiple primary/ high schools & childcare centres. A further 10 minute drive for you to access the Bruce Highway for commuters to find yourself in Brisbane city within the hour or Sunshine coast within 45mins.

This property is competitively priced and is expected to sell quickly. Be sure to register your interest direct with Jarrod Willis today on 0402 164 516.

Inspections

No open inspections scheduled.

Send an enquiry

Contact Jarrod Willis to learn more about this property, request an inspection or take an online tour.

Key details

Bedrooms:
3
Bathrooms:
2
Garage Spaces:
1
Property type:
Townhouse
Block Size:
136 *

Other Details

Lot:
32
Plan Type:
SP
Plan:
234629
Legal description:
32/SP234629
Richardson & Wrench Caboolture

Maps and area information

Block information
Block size: 136 (approx)
Legal description: 32/SP234629
Block Map
Measurements are estimates only and based on data provided under licence from © PSMA Australia 2024.
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
Enrolment areas for ACT public schools.

Property history

You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
Property History
04 Mar 2024
Sold
Richardson & Wrench Caboolture
Listed: 05/02/2024
Block size: 136m²
Transfer type: Full transfer

Morayfield suburb information

A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
36 years
Population
24,898
Listing ID: 182270848. This listing has been viewed 16 times. It was first displayed on 05/02/2024 and last updated on 04/03/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.