2/22 Park AvenueMorwell VIC 3840
Property Details for 2/22 Park Ave, Morwell
2/22 Park Ave, Morwell is a 8 bedroom, 4 bathroom Unit with 4 parking spaces and was built in 1980. The property has a land size of 1167m2 and floor size of 82m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 8 bedroom Unit sold in Morwell in the last 12 months.
Last Listing description (September 2024)
Its Addressed:
Terrific opportunity to secure this 4 unit complex positioned close to shops, primary school, kinder & only 10 minute stroll to Mid Valley Shopping Centre.
All units have been Strata Titled, keep as one or have the option to sell each unit separately.
No Owners Corporation fees
Complex comprises 4 x 2 bedroom units, all sitting on a huge 1167m2 (approx.) block in Bridle Estate
All units are currently leased to excellent long-term tenants & feature:
- Brick veneer construction
- Built in robes to all bedrooms
- Gas appliances
- Open plan living zone
- Good size enclosed yard
- Single carport
Unit 4 features its own separate drive-way, as new gas oven & split system heating & cooling
Solid rental history with extremely low vacancy rates, currently leased:
Unit 1 $255pw, Unit 2 $280pw, Unit 3 $255pw and unit 4 $290pw
Rent increase effective July 2024 (3 units increased to $280pw and unit 4 $290pw)
A set and forget investment opportunity!
Contact Rachel Buglisi on 0401098763 for further information or to arrange an inspection.
For more Real Estate in Morwell contact your Area Specialist.
Note: Every care has been taken to verify the accuracy of the details in this advertisement, however, we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves with any pertinent matters.
Property History for 2/22 Park Ave, Morwell, VIC 3840
- 14 Jun 2024Listed for Sale $899,000
- 10 May 2024Sold for $220,000
- 19 Dec 2023Listed for Sale $299,000
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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 8,937 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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