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Sold on 12 Jul 2024 - Price Unavailable

1 Cherry Crescent
Morwell VIC 3840

Bedrooms: 4
Bathrooms: 4
Car spaces: 4
Land area: 600m2
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Property Details for 1 Cherry Cres, Morwell

1 Cherry Cres, Morwell is a 4 bedroom, 4 bathroom Unit with 4 parking spaces and was built in 1970. The property has a land size of 600m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 4 bedroom Unit sold in Morwell in the last 12 months.

Building Type
Unit
Year Built
1970
Land Size
600m2
Local Government
Latrobe
Lot/Plan
270/LP55890

Last Listing description (August 2024)

This is a unique opportunity to own your own superannuation fund.

Invest here in this well maintained, well managed unit complex in sought after Bridle Estate location.

Comprising 4 X 1 bedroom units with individual titles, individual water and electricity meters, plus carport and access to rear communal grassed courtyard.

They are currently returning $47300 per year with potential increases with lease renewals.

Conveniently located close to schools and Mid Valley Shopping Centre, and with easy access to public transport, this is a not-to-be missed opportunity!

Property Code: 2802

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Property History for 1 Cherry Cres, Morwell, VIC 3840

A timeline of how this property has performed in the market
Last Sold
12 Jul 2024
  • 12 Jul 2024
    Sold
  • 13 Jun 2024
    Listed for Sale $680,000 - $720,000
  • 08 Feb 2024
    Listed for Sale $680,000 - $720,000
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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 8,912 properties. Over the last 5 years, Houses in Morwell have seen a 82.31% increase in median value, while Units have seen a 45.81% increase. As at 30 September 2024:

  • The median value for Houses in Morwell is $322,683 while the median value for Units is $272,106.
  • Houses have a median rent of $370 while Units have a median rent of $290.
There are currently 77 properties listed for sale, and 11 properties listed for rent in Morwell on OnTheHouse. According to CoreLogic's data, 379 properties were sold in the past 12 months in Morwell.

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