Lot 113 - Heritage Boulevard - Morwell

Description

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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.

• Property Type: House and Land
• Property Stage: N/A
• Price: $ 618,822.00
• Land Price: $ 240,000.00
• Build Price: $ 378,822.00
• Beds: 4
• Bath: 2
• Garage: 2
• Storey: 1
• Study: N/A
• Power Rooms: N/A
• MPR: N/A
• Powder Room: N/A
• Balcony: N/A
• Floor Plan: Austin
• Completion: N/A
• Land Size: 457
• Area Size: 13.50
• Year Built: N/A
• Est. Rates: N/A
• Est. Rent PW: 450.00
• Est. Body Corp.: N/A
• Title Status: Q4 2024
• Gross Per Week: $ 450.00
• Gross Per Annum: $ 23,400.00
• Gross Yield: 3.78%
• Capital Growth 12 Months: -1.89%
• Capital Growth 10 Year Annualised: 7.49%
• Vacancy Rate: 3.43%