SOLD
Sold on 08 Jul 2024 for $337,000

42 Savige Street
Morwell VIC 3840

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Floor area: 97m2
Land area: 637m2
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Property Details for 42 Savige St, Morwell

42 Savige St, Morwell is a 3 bedroom, 1 bathroom House and was built in 1960. The property has a land size of 637m2 and floor size of 97m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 3 bedroom House sold in Morwell in the last 12 months.

Building Type
House
Year Built
1960
Floor Size
97m2
Land Size
637m2
Local Government
Latrobe
Lot/Plan
328/LP52687

Last Listing description (October 2024)

Discover the perfect investment opportunity at 42 Savige Street, Morwell! Situated on a prime corner block spanning 637m2, this property is your gateway to lucrative returns.
Granny Flat Ready: Build your granny flat hassle-free with no council permit required! Maximize your rental income or accommodate extended family effortlessly.
Modern Amenities: This home boasts a blend of comfort and convenience with brick cladding, iron roof, rewired electricals with safety switches, and stylish down lights.

Spacious Bedrooms: Enjoy 3 generously sized bedrooms featuring new floor coverings and updated vinyl flooring.
Updated Bathroom: Revel in luxury with a modernized bathroom complete with a shower unit and floor-to-ceiling tiles.
Gourmet Kitchen: Calling all chefs! Indulge your culinary skills in the immaculate chef?s kitchen equipped with commercial-grade appliances including a gas stove top, oven, and double sink.
Convenient Carport: Park with ease in the carport for one, ensuring convenience for you or your tenants.
High Rental Yield: Secure great tenants and enjoy a rental income of $19,240 per annum. Invest with confidence and reap the rewards!
Contact Ross: Don?t miss out on this incredible opportunity! Contact Ross on 0411 122 434 to seize this investment gem today.
Invest smart, invest confidently, at 42 Savige Street, Morwell. Your future starts here!

Visit : https://www.consumer.vic.gov.au/duediligencechecklist

Property History for 42 Savige St, Morwell, VIC 3840

A timeline of how this property has performed in the market
Last Sold
$337,000
08 Jul 2024
Listed for Rent
30 Aug 2014
  • 08 Jul 2024
    Sold for $337,000
  • 17 Apr 2024
    Listed for Sale $360,000
  • 25 Oct 2021
    Sold for $230,000
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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.
There are currently 65 properties listed for sale, and 13 properties listed for rent in Morwell on OnTheHouse. According to CoreLogic's data, 422 properties were sold in the past 12 months in Morwell.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.