1 Cherry CrescentMorwell VIC 3840
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.
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
Property History for 1 Cherry Cres, Morwell, VIC 3840
- 12 Jul 2024Sold
- 13 Jun 2024Listed for Sale $680,000 - $720,000
- 08 Feb 2024Listed for Sale $680,000 - $720,000
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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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