OFF MARKET

1 Olive Drive
Morwell VIC 3840

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 101m2
Land area: 631m2
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Last updated 16 Dec 2024
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Property Details for 1 Olive Dr, Morwell

1 Olive Dr, Morwell is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1985. The property has a land size of 631m2 and floor size of 101m2. While the property is not currently for sale or for rent, it was last sold in September 2021.

Building Type
House
Year Built
1985
Floor Size
101m2
Land Size
631m2
Local Government
Latrobe
Lot/Plan
499/LP76063

Last Listing description (October 2021)

This neat and tidy brick home is the perfection option for those looking to purchase their first home or invest!

Property Highlights:
- Light filled lounge with space for dining

- Practical kitchen with gas cooking & great cupboard space
- 3 Generous bedrooms, all with built in robes
- Central bathroom offers shower, vanity & bath
- Single carport & low maintenance gardens
- Currently rented at $250pw
- Short walk to public transport, high school & Mid Valley Shopping Centre

Contact Jake Gardam at KW Property for all inspection times.
M - 0421 337 777

Property Code: 1983

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Property History for 1 Olive Dr, Morwell, VIC 3840

A timeline of how this property has performed in the market
Last Sold
$310,000
07 Sep 2021
Listed for Rent
$240/w
10 Oct 2019
  • 07 Sep 2021
    Sold for $310,000
  • 14 Jul 2021
    Listed for Sale UNDER CONTRACT
  • 23 Aug 2019
    Listed for Rent - Price not available
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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 8,954 properties. Over the last 5 years, Houses in Morwell have seen a 80.40% increase in median value, while Units have seen a 41.20% increase. As at 30 November 2024:

  • The median value for Houses in Morwell is $324,509 while the median value for Units is $267,245.
  • Houses have a median rent of $373 while Units have a median rent of $295.
There are currently 67 properties listed for sale, and 12 properties listed for rent in Morwell on OnTheHouse. According to CoreLogic's data, 429 properties were sold in the past 12 months in Morwell.

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