FOR SALE
$319,000

381 Princes Drive
Morwell VIC 3840

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
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Great Location - Ideal Investment!

This charming weatherboard home boasts spacious living, multiple living areas, a modern kitchen, and a fantastic backyard. Enjoy the convenience of a prime location, close to shopping, public transport, and amenities.
- Bedrooms: 3 bedrooms, including a master with ensuite and built-in robes. two spare bedrooms one with built-in robes.
- Living areas: Two large living areas offer flexibility for family gatherings or quiet relaxation. The rumpus room provides extra space for entertainment or a dedicated play area.
- Kitchen: Enjoy cooking in this neat kitchen with electric cooking and a dining area for meals together.
- Air – Conditioner: Stay comfortable all year round with the split system air conditioner.
- Generous Block: Enjoy a great-sized block of 717m2 with plenty of space for kids to play, a vegetable garden, or simply to relax and enjoy the outdoors.
- Secure Parking: The double garage provides ample space for your vehicles.
- Convenience at Your Fingertips: Just a short drive to Mid Valley Shopping Centre and the Morwell CBD, offering easy access to shops, restaurants, entertainment and public transport.
- Close to Amenities: Enjoy a quick walk to McDonald's Morwell for a convenient bite.
- Currently Rented: Currently leased until July 2025, with fantastic tenants paying $330 per week. This is a great opportunity for investors seeking a strong return.
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Property Details for 381 Princes Dr, Morwell

381 Princes Dr, Morwell is a 3 bedroom, 2 bathroom House with 2 parking spaces. The place is currently for sale with KW Property Sales & Rental.

Building Type
House

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About Morwell 3840

The size of Morwell is approximately 44.9 square kilometres. It has 31 parks covering nearly 5.9% of total area. The population of Morwell in 2011 was 14,005 people. By 2016 the population was 13,753 showing a population decline of 1.8% in the area during that time. The predominant age group in Morwell is 50-59 years. Households in Morwell are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Morwell work in a trades occupation. In 2011, 63.1% of the homes in Morwell were owner-occupied compared with 61.7% in 2016.

Morwell has 8,939 properties. Over the last 5 years, Houses in Morwell have seen a 79.21% increase in median value, while Units have seen a 46.24% increase. As at 31 October 2024:

  • The median value for Houses in Morwell is $319,787 while the median value for Units is $272,996.
  • Houses have a median rent of $370 while Units have a median rent of $290.
There are currently 64 properties listed for sale, and 10 properties listed for rent in Morwell on OnTheHouse. According to CoreLogic's data, 420 properties were sold in the past 12 months in Morwell.

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