1 Hearn Pl, Morgantown is a 6 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1971. The property has a land size of 13940m2 and floor size of 97m2.
Two units (Units 35 & 36), each offering open-plan living, kitchen, three bedrooms, one bathroom, and laundry. Split-level design with upstairs balcony and ground-floor patio, plus a large carport accommodating two vehicles. Established trees provide a nice private setting.Currently returning strong income, both units are leased at $380 per week each, totalling $760 per week.Situated within a strata complex of 11 lots, sharing common grounds and insurance, with strata fees of $298 per month.The complex has recently been upgraded with secure Colorbond post-and-rail fencing and three automatic gates for tenant and owner access.Both units have benefited from significant past improvements, including upgrades/replacements to balconies, balustrades, carports, roofing, and sections of external cladding.**Internal photos are of Unit 36 only. More photos coming soon.
The size of Morgantown is approximately 1.4 square kilometres. There are 4 parks, covering nearly 4.8% of the total area. The population of Morgantown in 2016 was 785 people. By 2021 the population was 774 showing a population decline of 1.4% in the area during that time. The predominant age group in Morgantown is 20-29 years. Households in Morgantown are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Morgantown work in a professional occupation.In 2021, 44.50% of the homes in Morgantown were owner-occupied compared with 43.00% in 2016.
Morgantown has 391 properties. Over the last 5 years, Houses in Morgantown have seen a 56.57% increase in median value, while Units have seen a 83.52% increase. As at 31 July 2026:
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