98 Commercial RoadMorwell VIC 3840
Property Details for 98 Commercial Rd, Morwell
98 Commercial Rd, Morwell is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1980. The property has a land size of 628m2 and floor size of 82m2. While the property is not currently for sale or for rent, it was last sold in April 2006.
Last Listing description (May 2019)
Rarely do you find an investment property with 7% returns (approx.). Units 1-3 98 Commercial Road is one of those investments with three two bedroom tenanted units.
Offering:
Three two bedroom brick veneer units.
Open plan kitchen living and dining area
Gas heating and gas hot water
Carport space for each unit
Close to local shops with great highway access
All currently tenanted with a weekly gross income of $470 per week (Approx. $24,500 annually)
Property History for 98 Commercial Rd, Morwell, VIC 3840
- 12 Nov 2018Listed for Sale $355,000
- 29 Aug 2018Listed for Rent $160 / week
- 26 Apr 2006Sold for $185,000
Commute Calculator
Recent sales nearby
See more recent sales nearby/assets/perm/wudin4kkcii6pgsutpdvrd4qo4?signature=f097e2fdadaf5d45f202b1a1becaa4985ce4bd3e077589a2a044eb9a83e35b32){kind=logo}
0
/assets/perm/kp2wcx27jmi65gxn2v6ww3xbju?signature=0fd248cd7141447c9bb9de158f6430750696204427a4b9dac1142ff6f04bc21b){kind=logo}
0
Similar properties For Sale nearby
See more properties for sale nearby
0
0
0Similar properties For Rent nearby
See more properties for rent nearby
0
0
0
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 8,938 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.
Suburb Insights for Morwell 3840
Market Insights
Morwell Trends for Houses
N/A
N/A
View TrendN/A
N/A
Morwell Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
