1 Travers StreetMorwell VIC 3840
Property Details for 1 Travers St, Morwell
1 Travers St, Morwell is a 1 bedroom, 1 bathroom Unit with 4 parking spaces and was built in 1950. The property has a land size of 757m2 and floor size of 108m2. While the property is not currently for sale or for rent, it was last sold in June 2012.
Last Listing description (August 2023)
Who do you know looking for an investment opportunity to add value?
These units are a solid investment with plenty of potential. They are in walking distance to the Morwell CBD and have room to add another unit or two (STCA). All units are on one title.
Two units needs some work but the other two are already realising a return.
Unit 1: is fire damaged and needs a full internal cosmetic fit out.
Unit 2: needs a freshen up with the walls washed or a coat of paint, then it is ready to rent. Potential rental income is $200 - $220 per week. Updated kitchen with electric cooking & split system.
Unit 3: is rented to an amazing long term tenant with rent going up to $180 per week in June. Updated kitchen with electric cooking, timber boards & split system and is beautifully presented.
Unit 4: is rented to another fantastic long term tenant with rent going up to $180 per week in June. Updated kitchen with electric cooking, timber boards & split system and a good reliable tenant.
Other features include: brick carport, walking distance to town and room to value add with additional units (S.T.C.A.).
The potential earning of these units currently is estimated to be $800 - $880 per week so get ready to get busy and to enjoy some great returns.
For more information call Russell on 0499 150 313.
Property History for 1 Travers St, Morwell, VIC 3840
- 17 May 2023Listed for Sale $525,000
- 20 Jun 2012Sold for $177,000
- 08 Oct 2011Listed for Sale $220,000
Recent sales nearby
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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 9,458 properties. Over the last 5 years, Houses in Morwell have seen a 78.91% increase in median value, while Units have seen a 66.71% increase. As at 30 November 2025:
- The median value for Houses in Morwell is $368,626 while the median value for Units is $301,844.
- Houses have a median rent of $415 while Units have a median rent of $300.
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