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Location

Market Insights for Morayfield QLD 4506

New Listings (last 30 days)

Average price

$991,550

Lowest price

$749,000

Highest price

$2,500,000

30 Farrer Court, Morayfield QLD 4506

Under Contract

Search Band

$850k - $900k Medium Confidence Calculated based on our search observations.

House 3 beds 2 baths 2 cars 1228 m²

Listed: 59 days ago

Updated: 22 days ago

Overview

This property offers a significant opportunity for renovators, developers, or savvy investors with its expansive 1,228 square meter corner block located in the Morayfield area. Built in 1994, the residence has received some essential upgrades including a brand-new roof and a newly renovated family bathroom, providing a solid foundation for further enhancements.

The versatility of this site is its standout feature. Potential uses include subdividing the land (subject to council approval), or constructing additional dwellings such as a duplex, triplex, or granny flat, making it appealing to developers or those looking to maximize land value. Alternatively, it serves as an ideal family home for those who wish to land bank with future development in mind.

Three bedrooms provide comfortable living space.
Two separate living areas enhance family functionality and privacy.
The kitchen and laundry are integrated into the home's layout, supporting practical day-to-day living.
Two bathrooms complement the accommodation, including a recently updated family bathroom.
Modern conveniences such as new air conditioning units and ceiling fans contribute to year-round comfort.
A separate two-car garage adds secure parking and storage options.

This property is positioned as a rare find with strong potential to generate substantial financial return through renovation or redevelopment. It will particularly appeal to buyers keen on a project within a growing locale and those who want a spacious site with flexible development prospects. Given the compelling offer and limited selling timeframe, interested parties are encouraged to act promptly.

Local Market Insights

In Morayfield, Quiet Listings observed 40 new houses entering the market over the last 30 days, up from 29 during the previous 30-day period, with an average advertised asking price of $991,550. The property type mix of listed properties is predominantly Houses at 79%, followed by land (6%), and units (4%). The most active agency for houses in the Morayfield area is currently BD Realty, representing 23% of new listings, followed by Ray White with 20%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.