38 Walter St, Murarrie is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 1950. The property has a land size of 625m2 and floor size of 73m2. While the property is not currently for sale or for rent, it was last sold in October 2020.
A rare offering in one of Brisbane's most up and coming suburbs, this two-bedroom character home is full of potential. Ideal for entry-level buyers, investors and families, this spectacular property sitting on a 625sqm allotment invites you to realise your own unique vision. Positioned on the high side of one of the most desirable streets in Murarrie is this classic home built in 1960, which has been with this family since 1971. Originally built by the War Veteran Society and is another classic show case of a solidly home built with the old craftmanship. This residence now needs a bit of love and restoration to make it shine and make the most of the 625m2 block for your family. Residences in this street are tightly held and land like this is hard to find, so don't miss your chance.Open plan living with lovely casement corner windows provides light throughout, all you need to do is discover the hardwood timber floors under the current floor furnishings, along with the 2.7m* high ceilings and start to create something truly unique. Renovate, extend or lift and build are all possibilities with this home - the views are stunning from many rooms and are waiting for you to make the most of what is on offer. Currently it is a two bedroom home, plus sun room entry, open plan lounge, kitchen and dining all perfect beginnings to open up to the rear yard and make the most of the Queensland lifestyle.Property Features2 generous size bedrooms, the master bedroom with lovely hinterland viewsSun room / entry area perfect for the home office or a reading nookOpen plan lounge with air-conditioning, kitchen and dining sets up the hub of the homeKitchen is of yester-year retro style Separate laundry at the rearCasement windows throughout, hardwood floors under the current floor furnishingsSub floor storage and room to park a trailerSeparate carport at the side, with extra off street parking available at the front625m2 blockRates approx. $601.90 per quarterEstimated rental return in current presentation $380 - $400 per week, higher with renovationsLocationWalking distance to Local Murarrie State School and minutes drive to Cannon Hill Anglican College, St Oliver Plunkett and many moreWalk to Murarrie Train Station approx. 8minWalk to Bus Stop on Creek approx. 3 - 4 minEasy access to Brisbane Airport approx. 12 - 14min driveCannon Hill Shopping Centre approx. 3 - 5min drive from your doorWestfield Carindale approx. 12 - 14min drive from your doorOxford St Restaurant Strip approx. 4 - 6min drive from your doorBrew Dog approx. 10 - 13min walk from your door, overlooking the river in MurarrieBrisbane CBD approx. 7 - 9kmThe home promises lifestyle for young families and couples but has endless options for further renovations or building your dream home. With such a magnificent parcel of land in this location, this rare property should not be overlooked!
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 87.52% increase in median value, while Units have seen a 73.99% increase. As at 30 November 2025:
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