449 Cambridge Rd, Mornington is a 5 bedroom, 2 bathroom House with 6 parking spaces and was built in 1975. The property has a land size of 188900m2 and floor size of 242m2. While the property is not currently for sale or for rent, it was last sold in March 1996.
This two storey rental property with long term tenants, upstairs and down, provides excellent rent return of $560 per week, with 5-year leases in place at $360 per week for the upper level and $200 per week for the lower level. (Please note it may be possible to renegotiate lease terms with the current tenants).
A brick and tile home with four bedrooms on the upper level plus lounge, sunroom and deck areas, with one bedroom downstairs plus a utility area and small lounge. Quality kitchens and bathrooms on both levels with a large concrete patio off the lower level and a separate grassed yard available to the upper level.
Plenty of OSP including a single carport.
The size of Mornington is approximately 4.2 square kilometres. There are 5 parks, covering nearly 17.3% of the total area. The population of Mornington in 2016 was 2265 people. By 2021 the population was 2469 showing a population growth of 9.0% in the area during that time. The predominant age group in Mornington is 30-39 years. Households in Mornington are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Mornington work in a trades occupation.In 2021, 65.70% of the homes in Mornington were owner-occupied compared with 64.80% in 2016.
Mornington has 1,221 properties. Over the last 5 years, Houses in Mornington have seen a 37.10% increase in median value, while Units have seen a 23.45% increase. As at 30 April 2026:
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