OFF MARKET

148 Morriss Road
Warrnambool VIC 3280

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 85m2
Land area: 720m2
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Property Details for 148 Morriss Rd, Warrnambool

148 Morriss Rd, Warrnambool is a 2 bedroom, 1 bathroom House with 2 parking spaces and was built in 1980. The property has a land size of 720m2 and floor size of 85m2. While the property is not currently for sale or for rent, it was last sold in October 2019.

Building Type
House
Year Built
1980
Floor Size
85m2
Land Size
720m2
Local Government
Warrnambool
Lot/Plan
7/LP221800

Last Listing description (July 2021)

These days it is getting so hard to find a straight-forward, reliable, low-maintenance, high-yielding, low-vacancy, "bread-and-butter" property investment.
We have one. Or two. Your choice - For now, while they both last.
Here is a pair of solidly built and well maintained brick-and-tile 2 bedroom units on the one title, still owned by the original well-renowned local builders. Each unit is free-standing. And at the same time they built these ones, they built next door as well, which are the same floor plans, and in comparable condition, and also for sale while both pairs last. (The internal photos are of the rear unit at 2/150 Morriss Rd, an inspection will reveal all units in comparable condition).

Market rental value would be approx $280 per week per unit, representing a 6.33% gross return. Currently the rents are below market value, averaging around $220 per week, but the vendors would be open to subsidising this for the remainder of the tenancy terms to represent 6.33% gross return from day one.
In all of the units there is an open plan kitchen and good sized meals area with electric cooking. All lounge rooms have gas heating. Separate shower and bath in the bathroom, separate laundry, separate toilet and single lock up garage.
Just try and find a residential investment to compete with these, in such a vibrant, thriving regional city offering both growth and return - we don't think you will!

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Property History for 148 Morriss Rd, Warrnambool, VIC 3280

A timeline of how this property has performed in the market
Last Sold
$425,000
17 Oct 2019
  • 17 Oct 2019
    Sold for $425,000
  • 13 Aug 2019
    Listed for Sale Not Disclosed

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About Warrnambool 3280

The size of Warrnambool is approximately 65.1 square kilometres. It has 76 parks covering nearly 6.4% of total area. The population of Warrnambool in 2011 was 28,412 people. By 2016 the population was 29,659 showing a population growth of 4.4% in the area during that time. The predominant age group in Warrnambool is 50-59 years. Households in Warrnambool are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Warrnambool work in a professional occupation. In 2011, 64.1% of the homes in Warrnambool were owner-occupied compared with 63.7% in 2016.

Warrnambool has 19,119 properties.

    There are currently 165 properties listed for sale, and 63 properties listed for rent in Warrnambool on OnTheHouse. According to CoreLogic's data, 678 properties were sold in the past 12 months in Warrnambool.

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