Back 1/22 Park Avenue
Off Market

1/22 Park Avenue

Morwell VIC 3840

2
1
1
0 m²
190 m²
Unit
Last sold for $325,000
Matt FavaMatt Fava, last sold this property on 09 September 2025 after 217 days on market.

Overview

Immediate Cashflow – Secure 6%+ Returns

2 bedroom villa unit in boutique complex of 4. All villa units are strata titled and available for sale individually, in pairs, or buy the whole block. Returns of 6.2% - 6.5% per annum provide immediate cashflow for savvy investors. Quality tenants in all units on long term leases, all rental compliance up to date. Fully renovated, low maintenance, no Owners Corporation fees. Prime location walking distance to shopping centre, schools, parks and recreation reserves.

Features

2 bedrooms
1 bathroom
1 carspace
1 garage space
0 m² floor area
190 m² lot size
Unit

Estimated Value

Based on this property and similar 2 bedroom units sold in Morwell over the last 12 months, the estimated median property value of 1/22 Park Avenue is $317.5k.

Median value
$317.5k
Estimated value range
$215k - $413k
Median days on market
86
Estimated value trend
21%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Morwell. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1/22 Park Avenue

2025
Sold
$325,000
09 Sep 2025 by Matt Fava, of Wilson Property RCI - Traralgon

Happy sellers in Morwell

86%
86% of sellers in Morwell reported that their sale price either exceeded or met their price expectations.

Morwell stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 123 reviews in Morwell over the last 12 months.

Local market activity for 2 bedroom units in Morwell

In the last 12 months, 37 two-bedroom units similar to 1/22 Park Avenue, have been sold.

This represents a 9% decrease in two-bedroom units sales when compared to the previous 12 months.

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