Back 1 Margaret Street
Off Market

1 Margaret Street

Morwell VIC 3840

3
1
1
689 m²
House
Tavab NasheetTavab Nasheet, last sold this property on 09 February 2026 after 98 days on market.

Overview

Endless Potential in a Prime Morwell Location

Positioned on a generous 689sqm (approx.) corner allotment, this charming older-style residence offers a fantastic opportunity for investors, home improvers, or developers alike. With a practical floor plan and polished hardwood floors throughout, the home combines immediate livability with outstanding potential for future growth. Featuring three well-sized bedrooms and a functional layout, this property provides the perfect foundation for those seeking to add value through renovation or redevelopment. The home is currently tenanted, offering instant returns while you plan your next move. Adding to its appeal, plans and permits for subdivision are already in place, making this an exceptional opportunity for astute buyers looking to capitalise on Morwell's growing demand. Conveniently located close to the CBD, Morwell Leisure Centre, local schools, shops, and public transport, this property offers both accessibility and potential - a rare combination in such a well-positioned setting. Whether you're looking to invest, improve, or develop, this is a property that promises strong rewards now and in the future.

Features

3 bedrooms
1 bathroom
1 carspace
689 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Morwell over the last 12 months, the estimated median property value of 1 Margaret Street is $400k.

Median value
$400k
Estimated value range
$205.25k - $740k
Median days on market
57
Estimated value trend
15%
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 Margaret Street

2026
Sold
Undisclosed
Private Sale/Treaty on 09 Feb 2026 by Tavab Nasheet, of Zed Real Estate
2024
Sold
$310,000
27 Oct 2024 by Jim Demetrios, of Stockdale & Leggo Morwell
2024
Rented
Undisclosed
Leased on 22 Feb 2024 by 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 123 reviews in Morwell over the last 12 months.

Local market activity for 3 bedroom houses in Morwell

In the last 12 months, 280 three-bedroom houses similar to 1 Margaret Street, have been sold.

This represents a 25% decrease in three-bedroom houses sales when compared to the previous 12 months.

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