SOLD
Sold on 16 Aug 2024 for $480,000

6/2-6 Vestan Drive
Morwell VIC 3840

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 325m2
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Property Details for 6/2-6 Vestan Dr, Morwell

Building Type
Commercial
Land Size
325m2
Local Government
Latrobe
Lot/Plan
6/SP31226

Last Listing description (March 2022)

Great opportunity and with high exposure to Princes Drive. Approximately 295m2 in area and well set out. Showroom/Workshop with reception area, full staff amenities, roller door access to front and rear. Onsite car parking right out the front door.

Plus GST if applicable. Plus Outgoings.

Contact Chris Williams on 0412 517 292 or at Keith Williams Real Estate Traralgon on 5174 7777

Property History for 6/2-6 Vestan Dr, Morwell, VIC 3840

A timeline of how this property has performed in the market
Last Sold
$480,000
16 Aug 2024
Listed for Rent
$441/w
30 Mar 2022
  • 16 Aug 2024
    Sold for $480,000
  • 08 Apr 2021
    Sold for $300,000
  • 03 Apr 2020
    Listed for Rent $24,710 / year
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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 66 properties listed for sale, and 10 properties listed for rent in Morwell on OnTheHouse. According to CoreLogic's data, 416 properties were sold in the past 12 months in Morwell.

Suburb Insights for Morwell 3840

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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.