174 Morrison Rd, Midvale is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1962. The property has a land size of 845m2 and floor size of 99m2. While the property is not currently for sale or for rent, it was last sold in November 2017.
A rare opportunity has presented itself to the open market which will see the next lucky owner receiving a superb return on their investment. Both neighbouring lots 174 and 176 are up for grabs, individually or conjoined. The new residential zoning, R40, brings an outstanding development opportunity.
This older style fibro property currently has a fixed term tenancy agreement in place, paying $360 per week. Which will yield approximately a 4.6% return until January 2018.
Midvale is expanding rapidly and undoubtedly increasing in popularity. The new zoning will see lots of new residential and commercial development taking place which will hopefully see an appreciation of property prices.
The size of Midvale is approximately 3.2 square kilometres. It has 4 parks covering nearly 12.9% of total area. The population of Midvale in 2016 was 1494 people. By 2021 the population was 2283 showing a population growth of 52.8% in the area during that time. The predominant age group in Midvale is 30-39 years. Households in Midvale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Midvale work in a trades occupation.In 2021, 66.20% of the homes in Midvale were owner-occupied compared with 50.50% in 2016.
Midvale has 2,404 properties. Over the last 5 years, Houses in Midvale have seen a 118.94% increase in median value, while Units have seen a 247.74% increase. As at 30 November 2025:
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