28 Elgin StreetMorwell VIC 3840
Property Details for 28 Elgin St, Morwell
28 Elgin St, Morwell is a 1 bedroom, 1 bathroom House and was built in 1960. The property has a land size of 1011m2 and floor size of 77m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 1 bedroom House sold in Morwell in the last 12 months.
Last Listing description (October 2018)
We would like to introduce you to a blue chip investment opportunity. Meet units 1-4/28 Elgin Street Morwell! Located minutes to the CBD. Comprising of 2 x 1, 1 x 2 & 1 x 3 bedrooms. Brick veneer construction, all bedrooms with built in robes, shower over bath, separate laundry and under cover off street parking, all on a large 1,005 square metre block. Generating a rental return of $33,280 per annum. Let the tenants pay your mortgage for you!
Property History for 28 Elgin St, Morwell, VIC 3840
- 15 Jun 2024Sold for $835,000
- 18 Feb 2022Sold for $472,000
- 26 Apr 2018Listed for Sale $450,000 Neg
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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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