303 Princes Drive, Morwell, VIC 3840 | House for sale | OnTheHouse
 
FOR SALE
$425,000 - $450,000

303 Princes Drive
Morwell VIC 3840

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Land area: 775m2
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A HOME READY MADE WITH FUTURE POTENTIAL

303 Princess Drive, Morwell
Whether you're searching for your first home, a ready-made investment or a property with future potential, this beautifully refreshed residence delivers an exceptional combination of comfort, convenience and opportunity.
From the moment you arrive, you'll appreciate the inviting feel of a home that has been thoughtfully updated and presented in a crisp, modern colour palette. Inside, the functional floor plan creates an easy flow between living spaces, offering a comfortable environment suited to everyday living and entertaining alike.
At the heart of the home, the updated open-plan kitchen provides a practical and welcoming space to cook, connect and gather. Overlooking the main dining area, it forms the central hub of the home while enhancing the sense of space and functionality throughout.
Accommodation comprises three well-sized bedrooms serviced by a central bathroom, while reverse cycle heating and cooling ensures year-round comfort. Fresh renovations throughout mean there is nothing left to do but move in and enjoy.
Stepping outside, the property continues to impress with a fully fenced and secure yard set on an approximately 775m² allotment. Offering space, privacy and flexibility, the substantial land component presents exciting possibilities for owner occupiers, investors and those looking to explore future development opportunities, subject to council approval.
Adding further practicality is a single garage, garden shed, exterior toilet and secure driveway access, providing valuable storage and workspace options. The generous backyard creates room for children and pets to play while also offering scope for future improvements.
For investors, the property presents an attractive opportunity with an estimated gross rental yield of approximately 5%, combining immediate income potential with the benefit of a renovated, low-maintenance home.
Positioned within easy reach of Morwell's schools, shopping precinct, public transport and sporting facilities, this is a turnkey opportunity offering immediate enjoyment today and exciting possibilities for tomorrow.
A neat, updated and move-in-ready property with broad buyer appeal, 303 Princes Drive presents an outstanding opportunity to secure lifestyle, convenience and long-term value in one of Morwell's most accessible locations.
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Property Details for 303 Princes Dr, Morwell

303 Princes Dr, Morwell is a 3 bedroom, 1 bathroom House. The property has a land size of 775m2. The place is currently for sale with Home Road Real Estate.

Building Type
House
Land Size
775m2
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About Morwell 3840

The size of Morwell is approximately 44.9 square kilometres. There are 31 parks, covering nearly 5.9% of the total area. The population of Morwell in 2016 was 13771 people. By 2021 the population was 14389 showing a population growth of 4.5% in the area during that time. The predominant age group in Morwell is 60-69 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 labourer occupation.In 2021, 62.00% of the homes in Morwell were owner-occupied compared with 61.70% in 2016.

Morwell has 9,468 properties. Over the last 5 years, Houses in Morwell have seen a 75.67% increase in median value, while Units have seen a 68.03% increase. As at 30 June 2026:

  • The median value for Houses in Morwell is $441,367 while the median value for Units is $363,123.
  • Houses have a median rent of $420 while Units have a median rent of $330.
There are currently 62 properties listed for sale, and 30 properties listed for rent in Morwell on OnTheHouse. According to Cotality's data, 680 properties were sold in the past 12 months in Morwell.

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Charmaine Pezzutto-White
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Regan Jeffries
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Home Road Real Estate
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