Lot 525 - The Range Estate - Morwell - AUD 603,762.00

Description

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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.

• Property Type: House and Land
• Property Stage:
• Price: $ 603,762.00
• Land Price: $ 240,000.00
• Build Price: $ 363,762.00
• Beds: 3
• 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: Clarkson
• Completion: N/A
• Land Size: 618
• Area Size: 151.28
• Year Built: N/A
• Est. Rates: N/A
• Est. Rent PW: 540.00
• Est. Body Corp.: N/A
• Title Status: Registered
• Gross Per Week: $ 540.00
• Gross Per Annum: $ 23,400.00
• Gross Yield: 4.65%
• Capital Growth 12 Months: -1.89%
• Capital Growth 10 Year Annualised: 7.49%
• Vacancy Rate: 3.43%