16 Soward Court, Morayfield QLD 4506

4 bed on 400m² lot | 198m² internal living | 50% building coverage | No overlays | Leased until Sep 2024 This property presents a competitively strong offering for an investor or owner-occupier seeking a modern, low-maintenance house in a growth corridor. Its 198 square metre internal area on a 400 square metre lot delivers a practical, sizeable living footprint with efficient land use, avoiding the premium for excessive yard space. The absence of flood, bushfire, or heritage overlays removes significant due diligence risk and insurance complexity, while the existing tenancy provides immediate income continuity for a purchaser. It best serves a buyer prioritising capital growth exposure to the Moreton Bay region with a functional, ready-to-occupy or hold property. Proceed with the understanding that its valuation sits at the upper quartile of the suburb’s range, demanding scrutiny of its premium over recent comparable sales. The established tenancy, while providing income, limits immediate owner-occupancy and may conceal condition issues. Secure this property only at a price aligned with the lower end of its estimated range to protect your equity; its value proposition is sound for a long-term hold but offers no short-term arbitrage opportunity. Nearby sales provide critical context for this property’s listed estimates. At 9-11 Soward Court, a larger 487m² lot with a 4-bedroom house recently sold for $800,000. Conversely, a smaller 3-bedroom apartment at 1/6 Soward Court carries an estimated value of $743,000. This demonstrates that 16 Soward Court’s estimated value near $870,000 must be justified by its superior building size and modern inclusions compared to the recent house sale, and its detached format versus the apartment. The data suggests achieving a price above $900,000 requires the property to be in exceptional condition.