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Lot 526 - The Range Estate - Morwell
Morwell, Latrobe Valley, VIC, 3840$ 617,244
Overview
Property ID: LA-5830
- House and Land
- Property Type
- 4
- Bedrooms
- 2
- Bathrooms
- 2
- Cars
- 195
Details
Updated on Dec 20, 2024 at 01:00 pm
| Property Type: | House and Land |
|---|---|
| Price: | $ 617,244 |
| Land Price: | $ 230,000 |
| Build Price: | $ 387,244 |
| Gross Per Week: | $ 560 |
| Gross Per Annum: | $ 23,400 |
| Gross Yield: | 4.72% |
| Capital Growth 12 Months: | 0.79% |
| Capital Growth 10 Year Annualised: | 7.18% |
| Vacancy Rate: | 1.25% |
| Property Size: | 195 m2 |
| Land Area: | 595 m2 |
|---|---|
| Bedrooms: | 4 |
| Bathrooms: | 2 |
| Parking: | 2 |
| Title Status: | Registered |
| Property ID: | 5830 |
| 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 in the Latrobe Valley area of Gippsland, in South-Eastern Victoria, Australia approximately 149 km (93 mi) east of Melbourne.
It is both the seat of local government and administrative centre for the City of Latrobe.
The city is known for its role as a major energy production centre for Victoria as the centre of a major coal mining and fossil-fuel power generation industry.
Road transport and the motor vehicle is the main form of transport. The Princes Freeway (A1) bypasses the town to the south while the old Princes Highway which once passed through east–west through its centre is now Princes Drive and Commercial Road. The highway connects Morwell with other Latrobe Valley cities including Moe to the west and Traralgon to the east. Other main roads include the Strzelecki Highway (B460) running south toward Leongatha.
Rail transport includes both passenger rail and freight rail. The town's only station is Morwell railway station which is on the Bairnsdale line. Both the Traralgon V/Line rail service and the Bairnsdale V/Line rail service stop there with a two way hourly service. Travel time to Melbourne ranges from approximately 109 minutes during peak travel times.
General aviation operates from Latrobe Regional Airport which services the whole Latrobe Valley urban area.
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
Open on Google Maps
Address
Lot 526 - The Range Estate - Morwell
City
Latrobe Valley
State
VIC
Postcode
3840
Suburb
Morwell
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SQM Research is an investment research house that specialises in providing accurate research and data to financial institutions, investment professionals and investors.
Aus investment Properties has partnered with SQM Research to provide data across our site to assist investors in making an informed decision.
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.
