23 Sanno Road Morayfield QLD 4506
23 Sanno Road Morayfield QLD 4506
4-bed house | 302m² lot | 68% site coverage | Morayfield growth corridor
The property’s 204m² building on 302m² delivers rare usable space for a townhouse-style lot, with a large office and walk-in robe appealing to families or remote workers. Its position outside flood, bushfire, and heritage overlays reduces insurance and approval friction, while 5G coverage and proximity to Morayfield State School and High School secure long-term tenant demand. The $924,000 valuation sits above the $860,000 local median, reflecting the premium for size and condition, but the 14-day average days on market and zero auction clearance signal a buyer’s market where patience extracts value.
The 68% site coverage limits future extension potential, and the lack of air conditioning or fencing may require $15,000–$25,000 in post-sale upgrades. Street sales at $915,000 and $770,000 show wide variance, so the buyer should anchor below $900,000 to capture the 2024 purchase price gap. Hold for rental yield near 3.9% at $690 per week, or renovate to lift the rent by $50–$80 per week, then sell into the next upswing.
Detailed Independent Property Report prepared by PropCred Analyst team for 23 Sanno Road Morayfield QLD 4506
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
Morayfield is a high-demand northern Brisbane suburb attracting families, investors, and acreage buyers, including interstate purchasers. This demand, driven by tight supply of quality family homes and lifestyle properties, fuels a robust market with median house prices around $850,000 and exceptional annual growth exceeding 15%. Houses sell in a brisk 15 days, indicating strong competition. Future growth is supported by infrastructure upgrades like the expanding shopping centre and improved school facilities, though affordability constraints exist with household income 22% below the Brisbane average.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
302m²
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