8/2 Wallace Street, Morwell, VIC 3840 | Property Value & History | OnTheHouse
 
OFF MARKET

8/2 Wallace Street
Morwell VIC 3840

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 125m2
Land area: 261m2
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Last updated 12 Jan 2026
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Property Details for 8/2 Wallace St, Morwell

8/2 Wallace St, Morwell is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2005. The property has a land size of 261m2 and floor size of 125m2. While the property is not currently for sale or for rent, it was last sold in December 2016.

Building Type
Unit
Year Built
2005
Floor Size
125m2
Land Size
261m2
Local Government
Latrobe
Lot/Plan
8/PS536610

Last Listing description (October 2015)

This property ticks all of the boxes whether it is for living or investment purposes with a premium location only a stones throw away from the Morwell Bowling Club and easy 10 minute stroll to the CBD. Features of this stylish townhouse include, 2 bedrooms with built in robes, spacious open floor plan with large lounge/dining area, immaculate kitchen, split system air conditioning, large laundry, private courtyard, single brick garage with direct entry to home & remote access. Very easy to attract quality, professional tenants being currently leased showing 6.6% gross yield and showing an excellent rental history previously. Please call or SMS Brett Thorburn on 0421 748 992 to discuss this opportunity further.

Property History for 8/2 Wallace St, Morwell, VIC 3840

A timeline of how this property has performed in the market
Last Sold
$194,000
10 Dec 2016
Listed for Rent
$250/w
31 Aug 2014
  • 10 Dec 2016
    Sold for $194,000
  • 04 Sep 2015
    Listed for Sale $195,000
  • 13 Feb 2015
    Listed for Sale $195,000
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About 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 9,452 properties. Over the last 5 years, Houses in Morwell have seen a 84.99% increase in median value, while Units have seen a 82.28% increase. As at 31 December 2025:

  • The median value for Houses in Morwell is $386,273 while the median value for Units is $317,232.
  • Houses have a median rent of $420 while Units have a median rent of $310.
There are currently 60 properties listed for sale, and 8 properties listed for rent in Morwell on OnTheHouse. According to Cotality's data, 618 properties were sold in the past 12 months in Morwell.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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