1 Bridle RoadMorwell VIC 3840
Property Details for 1 Bridle Rd, Morwell
1 Bridle Rd, Morwell is a 4 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1987. The property has a land size of 616m2 and floor size of 135m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 4 bedroom Unit sold in Morwell in the last 12 months.
Last Listing description (August 2024)
This property presents a high return on investment, prime location, strong rental appeal and the added benefit of both units being occupied by reliable tenants.
Currently returning $38,480 per annum this is the perfect addition to your portfolio or SMSF.
Superbly renovated with updated kitchens, bathrooms, paint, flooring and window furnishings, all the hard work done and you'll have a set and forget investment.
Two x 2 bedroom units on one title in a well-positioned block are tightly held in this location and rarely become available.
This is an incredible chance to secure an excellent long-term investment.
Property History for 1 Bridle Rd, Morwell, VIC 3840
- 07 Aug 2024Sold for $620,000
- 02 Apr 2024Listed for Sale $649,000
- 25 Apr 2018Listed for Sale $349,000 Neg
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0About 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.
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