1/7 Elgin StreetMorwell VIC 3840
Property Details for 1/7 Elgin St, Morwell
1/7 Elgin St, Morwell is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1980. The property has a land size of 182m2 and floor size of 82m2. While the property is not currently for sale or for rent, it was last sold in October 2021.
Last Listing description (October 2021)
This 2 bedroom stand alone B.V unit with separate carport is located within walking distance to all town facilities. The unit has an excellent long term tenant. Highlights include 2 bedrooms with B.I robes, central bathroom, spacious living room with split system air-cond & gas heater, kitchen/eating area. The property is leased till August 2024 and currentley returning $9880 per annum. An excellent long term investment.
Property History for 1/7 Elgin St, Morwell, VIC 3840
- 14 Oct 2021Sold for $215,000
- 18 Sep 2021Listed for Sale $220,000
- 21 Jul 2014Sold for $135,000
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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 8,938 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.
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