8 Hearn Pl, Morgantown is a 6 bedroom, 2 bathroom House and was built in 1970. The property has a land size of 1066m2 and floor size of 166m2. While the property is not currently for sale or for rent, it was last sold in July 2024.
Located in Hearn Place in a cul-de-sac in Morgantown, this property comprises of 2 x 3-bedroom, one-bathroom units sitting on a huge 1,065m2 fully fenced block.Both units currently leased on periodical tenancies with combined returns of $510.00 per week.Zoned R30 - perfect for further development. Strata the units, retain one and move into it, sell the other. Or continue to reap the rewards of two rental incomes. Property features include:- 2 x 3-bedroom, one-bathroom units-Duplex dwelling timber framed veneer on steel stumps with fire wall separation- Two air conditioners in each unit- Jarrah floorboards throughout- Older style kitchens- Older style bathrooms with separate showers- New colourbond patio roof to rear of each unit- Electric hot water systems- Gas upright stoves- Masonry firewall between units- Huge spacious open yard- Colourbond fence to all perimeters- Unit A with better improvements than Unit B- Combined weekly rent return of $510.00 per week
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 392 properties. Over the last 5 years, Houses in Morgantown have seen a 82.71% increase in median value, while Units have seen a 48.52% increase. As at 31 May 2026:
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