Lot 113 - Heritage Boulevard - Morwell

Morwell , Latrobe Valley, VIC, 3840

$ 618,822

Morwell , Latrobe Valley, VIC, 3840
Lot 113 - Heritage Boulevard - Morwell-0
Lot 113 - Heritage Boulevard - Morwell-1
Lot 113 - Heritage Boulevard - Morwell-2
Lot 113 - Heritage Boulevard - Morwell-3

Property Images

Lot 113 - Heritage Boulevard - Morwell-0 Lot 113 - Heritage Boulevard - Morwell-1 Lot 113 - Heritage Boulevard - Morwell-2 Lot 113 - Heritage Boulevard - Morwell-3

Overview

Property ID: LA-8510

  • House and Land
  • Property Type
  • 4
  • Bedrooms
  • 2
  • Bathrooms
  • 2
  • Cars
  • 13

Details

Updated on Nov 09, 2024 at 01:00 pm

Property Type: House and Land
Price: $ 618,822
Land Price: $ 240,000
Build Price: $ 378,822
Gross Per Week: $ 450
Gross Per Annum: $ 23,400
Gross Yield: 3.78%
Capital Growth 12 Months: -5.41%
Capital Growth 10 Year Annualised: 7.36%
Vacancy Rate: 1.47%
Property Size: 13 m2
Land Area: 457 m2
Bedrooms: 4
Bathrooms: 2
Parking: 2
Title Status: Q4 2024
Property ID: 8510
SKU: 1001

Description

*Please be advised that some lots/units may need confirmation of availability. Kindly ensure to check availability first by emailing or phoning us.*

Morwell is a town located in the Latrobe Valley region of Gippsland, Victoria, Australia. 

Morwell is situated approximately 149 kilometers east of Melbourne, the capital city of Victoria. It is part of the Latrobe City local government area.

Morwell has several educational institutions, including primary and secondary schools. Federation Training, a TAFE institute, provides vocational education and training in the area.The town is accessible by road and rail. The Princes Freeway (M1) runs through the region, connecting Morwell to Melbourne and other towns. The Morwell railway station provides train services on the Gippsland line.

Morwell has healthcare facilities, including the Latrobe Regional Hospital, which serves the broader Gippsland region. There are also medical centers, clinics, and allied health services.

Morwell offers parks, sports facilities, and recreational areas. Morwell National Park, located nearby, provides opportunities for outdoor activities such as hiking and picnicking.The region has been undergoing economic transition, particularly after the closure of the Hazelwood Power Station. Efforts have been made to diversify the local economy and focus on renewable energy initiatives.

 

Disclaimer*

Reservation Requirements: 1. Completed EOI (Property Reservation form under Fusion CRM Online Forms) 2. Holding deposit receipt (amount TBA) 3. Copy of client's finance pre-approval letter/comfort letter from the broker 4. Copy of client's ID
All details shown have been provided by third parties, for full details and inclusions please refer to the land and building contracts.

Address Lot 113 - Heritage Boulevard - Morwell
City Latrobe Valley
State VIC
Postcode 3840
Suburb Morwell

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Capital Growth 12 months, measures the increase in a property’s value over the previous 12 months, indicating how much the investment has appreciated in that timeframe.

Capital Growth 10-year annualised, reflects the average annual increase in a property’s value over the last decade, smoothing out short-term fluctuations to show long-term appreciation trends.

Vacancy Rate, indicates the percentage of properties that are currently unoccupied in that postcode, It’s a key indicator for investors to assess the rental demand.

SMSF Property Investing, when investing inside your SMSF there are some restrictions on how you can purchase investment properties. We use the following information to help navigate the SMSF investment property options.

This property is a single-contract property suitable for an SMSF.

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