OFF MARKET

2/55 The Avenue
Morwell VIC 3840

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 66m2
Land area: 75m2
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Last updated 16 Dec 2024
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Property Details for 2/55 The Avenue, Morwell

2/55 The Avenue, Morwell is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1980. The property has a land size of 75m2 and floor size of 66m2. While the property is not currently for sale or for rent, it was last sold in September 2021.

Building Type
Unit
Year Built
1980
Floor Size
66m2
Land Size
75m2
Local Government
Latrobe
Lot/Plan
6/SP34915

Last Listing description (November 2021)

This brick unit will make the ideal investment. It is well presented, low maintenance and we have an excellent tenant in place, currently paying $170 until October 2021.

Features include;

Open plan living with Split system

Generous sized bedrooms with built in robes

Fully enclosed & private courtyard

Hard wearing lino floors throughout.

Easy access to Midvalley shopping centre.

The hot water service, split system and stove are only 12 months old.

For more information, please call Russell Chester on 0499 150 313.

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Property History for 2/55 The Avenue, Morwell, VIC 3840

A timeline of how this property has performed in the market
Last Sold
$185,000
20 Sep 2021
Listed for Rent
$170/w
21 Sep 2019
  • 20 Sep 2021
    Sold for $185,000
  • 04 Aug 2021
    Listed for Sale $189,000
  • 24 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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