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Sold on 17 Dec 2024 for $525,000

1 Sinclair Avenue
Morwell VIC 3840

Bedrooms: 6
Bathrooms: 3
Car spaces: 3
Floor area: 90m2
Land area: 604m2
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Stockdale & Leggo Latrobe Valley
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Property Details for 1 Sinclair Ave, Morwell

1 Sinclair Ave, Morwell is a 6 bedroom, 3 bathroom Unit with 3 parking spaces and was built in 1966. The property has a land size of 604m2 and floor size of 90m2. While the property is not currently for sale or for rent, it was last sold in December 2024. There are other 6 bedroom Unit sold in Morwell in the last 12 months.

Building Type
Unit
Year Built
1966
Floor Size
90m2
Land Size
604m2
Local Government
Latrobe
Lot/Plan
21/LP20024

Last Listing description (December 2024)

Nestled in the heart of Morwell, this block of units presents an incredible opportunity for savvy investors. With six bedrooms, three bathrooms, and ample parking for three cars, this property is perfect for those looking to expand their portfolio. It combines the charm of its era with modern conveniences like air conditioning and built-in robes. The units are also broadband-ready, ensuring they meet the needs of today's tenants.

Morwell offers a blend of urban convenience and regional charm. The area boasts easy access to public transport and local amenities, making it an attractive location for renters. Nearby educational institutions enhance the appeal for families, while parks and recreational facilities provide leisure options for all ages. For investors, the potential for strong rental returns, (currently returning 6.8%), in this growing suburb is significant.

Don't miss out on this ultra-affordable investment opportunity. Whether you're a seasoned investor or just starting out, these units offer a promising addition to your portfolio. Act now to secure your stake in Morwell's thriving property market!

Contact Nathan on 0475 020 190
Stockdale & Leggo Latrobe Valley
"We see more than property"

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Property History for 1 Sinclair Ave, Morwell, VIC 3840

A timeline of how this property has performed in the market
Last Sold
$525,000
17 Dec 2024
Listed for Rent
$380/w
25 Oct 2024
  • 17 Dec 2024
    Sold for $525,000
  • 05 Nov 2024
    Listed for Sale $520,000
  • 07 Oct 2024
    Listed for Rent $380 / week
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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 68 properties listed for sale, and 14 properties listed for rent in Morwell on OnTheHouse. According to CoreLogic's data, 435 properties were sold in the past 12 months in Morwell.

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