Lot 224 Road B, Morwell VIC-0
Lot 224 Road B, Morwell VIC-1
Lot 224 Road B, Morwell VIC-2
Lot 224 Road B, Morwell VIC-3

Property Images

Lot 224 Road B, Morwell VIC-0 Lot 224 Road B, Morwell VIC-1 Lot 224 Road B, Morwell VIC-2 Lot 224 Road B, Morwell VIC-3
  • Dual Occupancy
  • Property Type
  • 4+2
  • Bedrooms
  • 2+1
  • Bathrooms
  • 2
  • Cars
  • 238

Details

Updated on Jun 24, 2026

Property Type: Dual Occupancy
Price: $ 794,000
Land Price: $ 299,500
Build Price: $ 494,500
Gross Per Week: $ 895*
Gross Per Annum: $ 46,540
Gross Yield: 5.86%
Capital Growth 12 Months: 23.33%
10Yr Annualised Growth: 8.38%
Vacancy Rate: 3.85%
Property Size: 238 m2
Land Area: 828 m2
Bedrooms: 4+2
Bathrooms: 2+1
Parking: 2
Title Status: ‌August 2026
Property ID: 25080
SKU: 1029
Sold: Jun 24, 2026

Forecasted value over 20 Years

Forecasted value is based on the 10 Year annualised growth.

Description

This modern Dual Occupancy in Morwell delivers a compelling opportunity for both investors and homeowners. Featuring 4+2 bedrooms, 2+1 bathrooms and 2 car space/s, it is designed to maximise space, comfort and functionality. Its contemporary design ensures low maintenance while maintaining strong visual appeal. Located in a high-growth area, it supports both steady rental income and long-term appreciation. A property built with both practicality and performance in mind.


Suburb profile:

Morwell offers a balanced lifestyle with access to everyday amenities and transport links. The area has consistent demand from renters and owner occupiers, supporting long‑term stability. Local parks, schools and shopping make it attractive for families and professionals.


Inclusions:

  • 100% full turnkey dual occupancy package including landscaping, fencing, and driveway
  • Two fully self-contained dwellings designed for dual living or dual income potential
  • High ceiling height throughout (as per builder standard)
  • Energy-efficient design in line with current building standards
  • Award-winning builder with extensive industry experience

Site Inclusions-Site Works, Foundations & Connections:

  • Fixed price site costs including standard site works
  • Engineered slab and structural framing
  • All required permits, survey, and drafting plans included
  • All service connections (excluding consumer account opening and fibre connections if applicable)
  • Termite treatment for long-term protection

Preliminary Inclusions:

  • Developer-approved façade and siting
  • Design compliant with Australian building regulations
  • Independent quality inspections throughout construction

Internal Inclusions:

  • Combination of timber laminate flooring, carpet, and tiles (as per plan)
  • Tiles to wet areas including bathrooms, ensuite, WC, and laundry
  • Plasterboard walls, ceilings, and cornice throughout
  • Quality skirting and architraves with painted finish
  • Internal doors with modern lever handles
  • Built-in robes with shelving and hanging rails
  • Window furnishings included (as per builder standard)
  • Separate living, kitchen, and sleeping zones for each dwelling

External Inclusions:

  • Roof tiles and external finishes as per builder colour scheme
  • Colorbond fascia, gutters, and downpipes
  • Brick veneer or equivalent external construction
  • Feature front entry door with secure locking system
  • External finishing elements including painted infills and porch ceiling (as applicable)
  • Letterbox and property numbering

Landscaping Inclusions:

  • Front and rear landscaping including turf, garden beds, and mulch
  • Fencing to all boundaries including internal separation fencing where required
  • Concrete driveway and perimeter paths
  • External areas designed for functional separation between dwellings

Electrical Inclusions:

  • LED lighting throughout
  • Power points, TV, and data provisions (as per plan)
  • Smoke detectors and safety switches in compliance with regulations
  • External lighting (as per builder standard)

Appliance Inclusions:

  • Quality stainless steel kitchen appliances (size and specification as per plan)
  • Cooktop, oven, and rangehood
  • Dishwasher (main dwelling or as specified)
  • Sink with mixer tap to each kitchen

Upgraded Inclusions:

  • Stone benchtops to kitchen areas
  • Laminate cabinetry with overhead cupboards
  • Tiled splashback to kitchen
  • Modern bathroom fittings and fixtures
  • Garage with remote access (as per design)

Furniture Pack Inclusions:

  • Optional furniture package available at additional cost

Energy Efficiency:

  • Energy-efficient construction in line with current requirements
  • Insulated walls and ceilings
  • Water-efficient fixtures and fittings
  • Hot water system (type as per builder specification)

Warranties:

  • Builder’s structural warranty
  • Manufacturer warranties on appliances and fittings
  • Maintenance period as per builder agreement

Whether you're looking to diversify your investments or secure a low-maintenance home, this Dual Occupancy in Morwell delivers on all fronts. With its balance of comfort and growth potential, It's an opportunity worth securing. An investment that stands out for the future.

Investors looking to optimise land use and amplify their investment portfolio will find great value in Dual Occupancy Properties.

These properties cleverly accommodate two independent dwellings on a single parcel of land, effectively doubling the potential for rental income.

The design caters to a broad market, including extended families and tenants seeking spacious living options, thereby increasing the property's rental appeal.

The strategic configuration of these properties allows investors to capitalise on the growing demand for versatile housing solutions in both urban and suburban settings.

Address Lot 224 Road B, Morwell VIC
City Gippsland
State VIC
Postcode 3840
Suburb Morwell
Estate Heartland

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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.

SMSF Single Contract

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