503 Princes DriveMorwell VIC 3840
Property Details for 503 Princes Dr, Morwell
Last Listing description (December 2017)
This very unique and extensively renovated Motel complex offers a great opportunity to the owner operator or investor looking for great value
Features Include: 6 super impressive suites complete with kitchenette facilities, Full Bridal Suite & Fantastic managers / operators accommodation comprising multiple living zones & two bedrooms. The complex has undertaken extensive renovation & only needs to be enjoyed. Excellent on Site parking, loads on potential with current client base to work with. Fantastic location within walking distance to Mid Valley Shopping Centre and short drive CBD & Tafe education facility.
Property History for 503 Princes Dr, Morwell, VIC 3840
- 05 Oct 2024Sold for $745,000
- 22 Sep 2017Sold for $160,000
- 15 Aug 2014Listed for Sale $825,000 EXCL. GST
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 9,468 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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