1 Franklin StreetMorwell VIC 3840
Property Details for 1 Franklin St, Morwell
1 Franklin St, Morwell is a 9 bedroom, 6 bathroom House with 2 parking spaces and was built in 1970. The property has a land size of 791m2 and floor size of 274m2.This Property is currently listed for sale with AREA SPECIALIST KEYSBOROUGH
Last Listing description (March 2026)
Its Addressed:Heres a rare opportunity to secure a high-performing, fully registered Rooming House in the heart of Morwell. Offering 9 bedrooms and 6 bathrooms, this property is already set up with reliable, steady incomeideal for passive investors seeking strong returns.Key Features: 9 Bedroom 5 with ensuite 6 bathrooms all up catering to tenant convenience Compliant and fully registered as a Rooming House Gross Annual Income: approx. $102,960Whether youre looking to expand your investment portfolio or secure a set-and-forget cashflow asset, 1 Franklin Street delivers. Properties of this calibre, size and return profile are extremely hard to find in regional Victoria.Location Perks:Positioned close to town centre amenities, shops, transport and education precinctsMorwell continues to show solid rental demand, especially for affordable long-term accommodation options.Dont miss this opportunity to own a rare, high-yielding asset that ticks all the boxes.For further details or to arrange a private inspection, contact Luke WoodhamArea Specialist Real Estate
Property History for 1 Franklin St, Morwell, VIC 3840
- 19 Aug 2025Listed for Sale $770,000 - $840,000
- 09 Dec 2024Listed for Sale $998,000
- 08 Jun 2024Listed for Sale Not Disclosed
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0About 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 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 9,466 properties. Over the last 5 years, Houses in Morwell have seen a 87.65% increase in median value, while Units have seen a 83.79% increase. As at 28 February 2026:
- The median value for Houses in Morwell is $412,450 while the median value for Units is $328,348.
- Houses have a median rent of $420 while Units have a median rent of $320.
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