Back 1/23 Elgin Street
Off Market

1/23 Elgin Street

Morwell VIC 3840

2
1
1
0 sq.
95 m²
Unit
Last sold for $227,000
Jim DemetriosJim Demetrios, last sold this property on 28 May 2023 after 41 days on market.

Overview

INVESTORS TAKE NOTE

This well located 2 bedroom brick veneer unit with open living floor plan, B.I.Robes, gas heating & air conditioning. Includes carport and excellent downtown location. Currently leased at $230/wk. Lease expiry 13/02/2024.

Features

2 bedrooms
1 bathroom
1 carspace
1 carport space
0 sq. floor area
95 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 1/23 Elgin Street is $335k.

Median value
$335k
Estimated value range
$250k - $415k
Median days on market
66
Estimated value trend
22%
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 1/23 Elgin Street

2023
Sold
$227,000
Private Sale/Treaty on 28 May 2023 by Jim Demetrios, of Stockdale & Leggo Morwell
2022
Sold
$190,000
03 Feb 2022 by Jenny Rutherford, of Stockdale & Leggo Morwell

Happy sellers in Morwell

92%
92% 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 89 reviews in Morwell over the last 12 months.

Local market activity for 2 bedroom units in Morwell

In the last 12 months, 31 two-bedroom units similar to 1/23 Elgin Street, have been sold.

This represents a 21% increase in two-bedroom units sales when compared to the previous 12 months.

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