141 Princes DriveMorwell VIC 3840
Property Details for 141 Princes Dr, Morwell
Last Listing description (June 2012)
Main Road Position / Gippsland - CRE Ref# 30736
Main road position as you enter town with huge opportunity for growth this 40 room motel has undergone extensive renovations to 50% of its rooms. The business is currently operated by a husband and wife team. The motel features outdoor pool, off street parking, function room, bar, commercial kitchen conference facilities and a 2 bedroom owner/manager apartment with courtyard.
Inspection will impress.
Property History for 141 Princes Dr, Morwell, VIC 3840
- 24 May 2012Listed for Sale 1890000
Recent sales nearby
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0About 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 9,464 properties. Over the last 5 years, Houses in Morwell have seen a 80.73% increase in median value, while Units have seen a 73.39% increase. As at 31 May 2026:
- The median value for Houses in Morwell is $435,632 while the median value for Units is $358,612.
- Houses have a median rent of $420 while Units have a median rent of $330.
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