28 Penelope StreetMurarrie QLD 4172
Property Details for 28 Penelope St, Murarrie
28 Penelope St, Murarrie is a 5 bedroom, 3 bathroom House with 3 parking spaces and was built in 1960. The property has a land size of 590m2 and floor size of 165m2. While the property is not currently for sale or for rent, it was last sold in December 2022.
Last Listing description (December 2024)
With the potential of $57,000 annual rental return, this high yielding investment is a must see.
This is a unique opportunity for a savvy investor or multi-generational family to secure a large property with a house plus two separate granny flats on one title.
Situated on a sizeable 590sqm block, the main house was built in the 60's/70's with recent upgrades, while the two separate granny flats were built circa 2006, each offering private entry and self-contained living.
Extremely well-maintained and featuring solid returns of approximately $1030 per week, with the potential to yield a higher rental income, this is an exceptional investment opportunity to add to your portfolio.
Alternatively, retain the residence as a large family home with three bedrooms upstairs and two granny flats/studios on the ground floor for guests or as a teenage retreat. Close to amenities with schools, transport and shopping precincts on your doorstep, this is a prime property in a superb location.
House:
- Three-bedroom, one-bathroom large main home
- Currently rented at $530 per week (potential to rent for $560 per week)
- Open plan living and dining area with timber floors
- Functional kitchen with quality appliances and large benchtops
- Air-conditioning throughout the living space and bedrooms
- New Carpet
- Laundry with ample storage space
- Single lock up garage
Unit 1 & Unit 2:
- Two studio units or self-contained granny flats
- Currently rented at $240 per week each (potential to rent for $270 each per week)
- Open plan designs with functional kitchens
- Laundry and Bathrooms
- Both include air-conditioning
-New hot water system installed 2 years ago
- Flat 2 has a separate laundry and covered patio area
Each flat has its own fully fenced yard and plenty of off street parking. Each flat also has its own hot water system and electricity is separately metered. No body corporate fees.
Located just 16 minutes from the CBD and 8 minutes to Brisbane Airport, this property is positioned in a fantastic pocket of Murarrie so close to the Port of Brisbane, Gateway Motorway, bus stops and train station. Great for families, you are only 900m from Murarrie State School, 2km to Cannon Hill Anglican College and moments from kindergartens and childcare. Enjoy shopping and dining at Cannon Plaza 6 minutes away, or venture to the nearby precincts of Morningside, Bulimba and Westfield Carindale.
An excellent multi-generational home or investment property, you simply must inspect
Property History for 28 Penelope St, Murarrie, QLD 4172
- 02 Dec 2022Sold for $910,000
- 23 Jun 2022Listed for Sale Offers over $979,000 "TRI-Living: 3 homes in 1"
- 24 Jan 2018Listed for Rent $220 / week
Recent sales nearby
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About Murarrie 4172
The size of Murarrie is approximately 9.4 square kilometres. It has 18 parks covering nearly 10.7% of total area. The population of Murarrie in 2016 was 4303 people. By 2021 the population was 4946 showing a population growth of 14.9% in the area during that time. The predominant age group in Murarrie is 30-39 years. Households in Murarrie are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Murarrie work in a professional occupation.In 2021, 62.30% of the homes in Murarrie were owner-occupied compared with 62.80% in 2016.
Murarrie has 2,651 properties. Over the last 5 years, Houses in Murarrie have seen a 90.32% increase in median value, while Units have seen a 73.26% increase. As at 31 December 2025:
- The median value for Houses in Murarrie is $1,320,287 while the median value for Units is $961,399.
- Houses have a median rent of $710 while Units have a median rent of $700.
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