70 Glenwood Drive, Morayfield QLD 4506

A large corner block with superb side access and plenty of room for a 2nd dwelling, granny flat or large shed to maximise your return for this property if you’re an investor.

If you’re looking to move into the property yourself, you will enjoy a spacious property that you can ADD value to by doing an internal make-over.

Property features include;

> Three bedrooms, two are tiled, master with built in robes
> Kitchen with water filter & stylish laminate bench top overlooking the dining
> Large tiled lounge room
> Bathroom with shower & bath
> Separate toilet & separate laundry
> Security screens throughout, double linen space
> Electric hot water system & electric cooking
> Single lock up garage

There is a large outdoor covered patio area that overlooks your huge backyard with established low maintenance gardens & a beautiful leafy/shady tree in the corner of the yard (away from the house). All of this is situated on a spacious 1,087m2 fully fenced block.

There is over 400m2 of vacant space in the backyard of this property which would be absolutely ideal for investors to build a 2nd dwelling / granny flat to maximise your return from this property. (*Subject to council approval)

Looking at the potential future returns for the property & to be used as a guide only;

The house has had a rental appraisal for $285.00 - $295.00 per week (as is) and we know from experience that a basic 2 bedroom granny flat can return between $260.00 - $270.00 per week.

Working off approximate ball park figures, if building a granny flat costs $100,000 and factoring in the potential returns above of $545 per week, this would equal an approx. gross return on your investment of 7.0%+ at this asking price..!

If you’re not interested in a 2nd dwelling/ granny flat and are just looking for a large backyard then you can easily ADD value to this property by building a large shed or installing an in-ground pool.

There is superb side access with wide double gates via Portland Street giving you convenient access to do any of these suggested improvements.

As you can see this property has great potential and would make a welcome addition to any investors portfolio. For more information or to arrange your own private viewing, be sure to contact Scott or Jarrod today.

Open Homes - in order to maintain a regulation maximum of 6 people in the property during Open Homes, one group will be allowed into the property at a time. Cupboards and doors will be open so that there will be no need to touch anything. All attendees will be asked to sanitize prior to entry. Please do not attend if you are experiencing Covid-19 like symptoms.