Property Details for 2-4 Olive Dr, Morwell
2-4 Olive Dr, Morwell is a 12 bedroom, 8 bathroom BlockOfUnits with 8 parking spaces. While the property is not currently for sale or for rent, it was last sold in November 2023.
Last Listing description (November 2023)
This is a great opportunity to own your very own superannuation fund.
These 8 unit are solidly built with:
- 4 x 1 bedroom and 4 x 2 Bedroom
- Currently returning $86320 per year
- With potential increase due in the the 2023
- $1.55 -$1.6 Million
Contact Frank Palermo at KW Property Sales for an inspection on 0427049696
Property Code: 2346
Property Code: 2346
Property History for 2-4 Olive Dr, Morwell, VIC 3840
- 30 Oct 2023Sold for $1,510,000
- 20 Oct 2022Listed for Sale $1,550,000-$1,600,000
- 14 Nov 2019Listed 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 8,939 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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