THE FRONT UNIT OF ONLY TWO ON THE BLOCK - A GENEROUS YARD SPACE AND A QUIET RESIDENTIAL NEIGHBOURHOOD, AND ONLY THREE BLOCKS FROM THE TRAIN STATION - A PERFECT RETIREMENT OPTION OR A PREMIUM INVESTMENT OPTION. THIS TWO BEDROOM BRICK VENEER UNIT HAS A LOCK UP GARAGE, SECURE REAR YARD AND A VERY SPACIOUS MASTER BEDROOM. GAS CENTRAL HEATING, PLUS TWO SPLIT SYSTEMS AND CEILING FANS PROVIDE EXCELLENT HEATING AND COOLING OPTIONS. THE WARM AND INVITING TIMBER KITCHEN PROVIDES EXCELLENT CUPBOARD AND BENCH SPACE, ELECTRIC COOKING AND A LARGE PANTRY. LIVING SPACE IS OPEN PLAN, LIGHT AND BRIGHT WITH PART NORTH FACING ASPECT. THE BATHROOM HAS BEEN UPGRADED AND THE UNIT IS NICELY APPOINTED WITH QUALITY DRAPES. BOTH BEDROOMS HAVE BUILT IN ROBES.CURRENTLY TENANTED AT $220 PER WEEK WITH EXCELLENT TENANT - FOR THE INVESTOR THIS IS A SET AND FORGET, SHOWING A MUCH BETTER RETURN THAN MONEY IN THE BANK - AND FOR THE OWNER/OCCUPIER - THE LOCATION IS FANTASTIC, WITH COMFORT AND LOW MAINTENANCE LIVING ON OFFER...FEATURES INCLUDE: SECURE PARKING,AIR CONDITIONING,BUILT IN WARDROBES,HEATING,SECURE PARKING
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 9,457 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:
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