276 Commercial RoadMorwell VIC 3840
Property Details for 276 Commercial Rd, Morwell
276 Commercial Rd, Morwell is a 5 bedroom, 2 bathroom Unit with 7 parking spaces. The property has a land size of 1467m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 5 bedroom Unit sold in Morwell in the last 12 months.
Last Listing description (October 2024)
Address: 276 Commercial Road, Morwell
Unlock Dual Rental Incomes in One Exceptional Property!
Discover an incredible opportunity at 276 Commercial Road, Morwell-a dual living property with unparalleled potential for both homeowners and savvy investors. Situated in the heart of the central district, this property promises high rental returns, significant restoration potential, and classic style.
. Dual Living Arrangement:
. Main Residence: 3 Bedrooms, 1 Kitchen
. Secondary Unit: 2 bedrooms, 1 kitchen
. Land Size: Expansive 1467 m2
. Separate Driveways: Added convenience and privacy
, Restoration Potential: Transform this gem into a high-value property
. High Rentability: Guaranteed high returns, with a current rental income of $31,200 per annum
Prime Location:
. Central District: Walking distance to shops, CBD, Coles, Princess Highway, and train station.
. Development Potential: Ideal for strata unit development due to its prime location.
This property is a rare find, offering a golden opportunity for those with an eye for potential. Whether you're looking to generate substantial rental income or develop a prime real estate asset, 276 Commercial Road is your perfect choice.
Don't miss out on this rare opportunity!
Contact Ross today on 041 1122 434 to arrange a viewing and secure your investment in Morwell's future.
Visit : https://www.consumer.vic.gov.au/duediligencechecklist
Property History for 276 Commercial Rd, Morwell, VIC 3840
- 07 Jun 2024Sold for $570,000
- 20 May 2024Listed for Sale $790,000
- 01 Oct 2023Listed for Sale $850,000 to $935,000
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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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