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Overview
This unique freehold duplex at 1&2/167 Graham Road in Morayfield offers a rare investment opportunity with two distinct units on one title, constructed in 2018 within a modern and peaceful estate. The property benefits from low overheads, enhancing profitability and making it an excellent addition to an investor's portfolio.
The first unit features a main bedroom with an ensuite and two additional bedrooms equipped with built-in robes. It boasts a kitchen fitted with stainless steel appliances, including a ceramic cooktop and dishwasher, flowing seamlessly into an open plan lounge and dining area. The private alfresco space adds to the living experience, complemented by a remote single lock-up car accommodation. This unit currently secures a rental income of $520 per week with tenants in place until May 2027.
The second unit comprises two bedrooms, both fitted with built-in robes and ceiling fans. The kitchen includes stainless steel appliances and a ceramic cooktop. The tiled living room is air-conditioned, and there is a covered outdoor entertainment area, enhancing the property's versatility. Security screens and a single remote lock-up garage with internal access add practical value, while a fully fenced low maintenance yard provides privacy and ease of upkeep. It currently yields $485 per week in rent with tenancy secured until March 2027.
Strategically located, the duplex offers convenient access to transport, shopping centres, schools, and major amenities, with the highway just five minutes away, facilitating easy travel throughout the region. The combined rental income of $1005 per week demonstrates its strong cash flow potential. This spacious and well-planned property appeals particularly to investors seeking a secure, income-generating asset with minimal hassle and attractive tenant retention.
Local Market Insights
In Moreton Bay - North, Quiet Listings observed 11 new duplexes entering the market over the last 30 days, unchanged from 11 in the prior period, with an average advertised asking price of $839,867. The property type mix of listed properties is predominantly Houses at 74%, followed by units (7%), and land (4%). The most active agency for duplexes in the Moreton Bay - North area is currently Ray White, representing 27% of new listings. 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.
Change History
| Headline | When |
|---|---|
| Offers Over $999,000 | |
| $1,100,000 |
Location
Market Insights for Morayfield QLD 4506
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