16 Rachel Way, Morwell, VIC 3840 sold on 19 August 2026 | OnTheHouse
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Sold on 19 Aug 2026 for $536,000

16 Rachel Way
Morwell VIC 3840

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Land area: 534m2
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First National Real Estate Latrobe
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Property Details for 16 Rachel Way, Morwell

16 Rachel Way, Morwell is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 534m2. While the property is not currently for sale or for rent, it was last sold in August 2026. There are other 3 bedroom House sold in Morwell in the last 12 months.

Building Type
House
Land Size
534m2
Local Government
Latrobe
Lot/Plan
7/LP56934

Last Listing description (August 2026)

This well maintained, comfortable and conveniently located home in the heart of Morwell has been lovingly held by the one owner and is ideal for first home buyers, growing families or savvy investors looking to secure a quality property with generous living spaces, practical features and excellent future potential.

Inside offers three bedrooms, all complete with built-in robes. The spacious living zone provides plenty of room for the whole family and flows seamlessly into the generous dining area. The adjoining kitchen makes mealtimes easy, featuring beautiful timber cabinetry, ample storage, ceramic cooktop, laminate benchtops, a double sink, stainless steel dishwasher and built-in pantry.

The enormous main bathroom includes a stand-up shower, single vanity with storage, built-in bathtub, toilet and bidet. A spacious laundry with additional storage adds further convenience. Comforted by gas ducted heating and split system cooling throughout, this home is well equipped for year-round comfort.

Outside, you'll find a fantastic fully fenced backyard with plenty of potential, whether you're a keen gardener or prefer low-maintenance living. The outdoor area is the perfect space for entertaining, while a single garage, side access and a multi-purpose room with kitchenette complete the package.

Ideally located just minutes from Morwell's CBD, local shops, schools, childcare, sporting facilities, parklands and public transport, with Mid Valley Shopping Centre also nearby.

With an estimated rental return of $400$450 per week, this property would make a great addition to your investment portfolio.

For more information or to arrange an inspection, contact Simon Burns on 0421 333 144 or Julia Demosthenous on 0461 333 119.

Property History for 16 Rachel Way, Morwell, VIC 3840

A timeline of how this property has performed in the market
Last Sold
$536,000
19 Aug 2026
  • 19 Aug 2026
    Sold for $536,000
  • 22 May 2026
    Listed for Sale $549,000
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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 9,462 properties. Over the last 5 years, Houses in Morwell have seen a 73.51% increase in median value, while Units have seen a 63.82% increase. As at 31 July 2026:

  • The median value for Houses in Morwell is $448,464 while the median value for Units is $367,677.
  • Houses have a median rent of $420 while Units have a median rent of $330.
There are currently 57 properties listed for sale, and 31 properties listed for rent in Morwell on OnTheHouse. According to Cotality's data, 670 properties were sold in the past 12 months in Morwell.

Suburb Insights for Morwell 3840

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.