Back 1/7 Elgin Street
Off Market

1/7 Elgin Street

Morwell VIC 3840

2
1
1
0 m²
182 m²
Unit
Last sold for $215,000
Jenny RutherfordJenny Rutherford, last sold this property on 24 October 2021 after 36 days on market.

Overview

INVEST FOR THE FUTURE

This 2 bedroom stand alone B.V unit with separate carport is located within walking distance to all town facilities. The unit has an excellent long term tenant. Highlights include 2 bedrooms with B.I robes, central bathroom, spacious living room with split system air-cond & gas heater, kitchen/eating area. The property is leased till August 2024 and currentley returning $9880 per annum. An excellent long term investment.

Features

2 bedrooms
1 bathroom
1 carspace
1 carport space
0 m² floor area
182 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 1/7 Elgin Street is $320k.

Median value
$320k
Estimated value range
$215k - $413k
Median days on market
81
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 1/7 Elgin Street

2021
Sold
$215,000
24 Oct 2021 by Jenny Rutherford, of Stockdale & Leggo Morwell
2014
Sold
13 Jul 2014 by Jim Demetrios, of Stockdale & Leggo Morwell

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 126 reviews in Morwell over the last 12 months.

Local market activity for 2 bedroom units in Morwell

In the last 12 months, 38 two-bedroom units similar to 1/7 Elgin Street, have been sold.

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

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