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Back 3/27 Elgin St
Off Market

3/27 Elgin St

Morwell VIC 3840

2
1
1
Unit
Frank PalermoFrank Palermo, last sold this property on 04 August 2025 after 242 days on market.

Overview

Fantastic Investment Opportunity with Longterm Tenant

Discover the perfect blend of convenience and comfort with this charming two-bedroom unit nestled in the heart of Morwell. Perfectly positioned, this property is just a short stroll from the Morwell Railway Station and the serene Morwell Centenary Rose Garden, offering you the tranquillity of green spaces along with the hustle and bustle of city conveniences. This delightful unit boasts an exceptional long-term tenant in a lease until 2027, ensuring a steady rental income and making it an ideal investment opportunity. The property also comes with a new split system air conditioner/heater, gas central heating, large lounge & dining area. Furthermore, all rental compliance is up to date, and the unit offers a great rental return. Step inside to find a well-built structure with a practical layout. The interiors feature two well-appointed bedrooms both with built in robes, including a spacious primary bedroom, and a versatile second bedroom or home office. The bathroom is well-maintained and adds to the home's overall functionality. A spacious laundry, with separate toilet. Parking? No worries! The property includes single car garage with electronic roller door and access to the home via the garage. All windows are equipped with electronic shutters, to add that extra point of security to the property. For those looking to invest and are seeking a property with a reliable tenant record, this unit ticks all the right boxes. So why just read about it when you could potentially own it? Make your move towards securing your future in the heart of Morwell. To arrange an inspection contact Frank Palermo at First National Central KW on 0427 049 696 or 03 51337777 Property Code: 3008

Features

2 bedrooms
1 bathroom
1 carspace
1 garage space
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 3/27 Elgin St 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 3/27 Elgin St

2025
Rented
Undisclosed
Leased on 21 Aug 2025 by Purple Stone Real Estate
2025
Sold
Undisclosed
04 Aug 2025 by Frank Palermo, of First National Real Estate Central KW
2022
Sold
$293,000
17 Aug 2022 by Jenny Rutherford, 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 125 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 3/27 Elgin St, have been sold.

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

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Morwell

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Jesse Watson

Jesse Watson is an award winning recommended agent for Morwell.  They have 32 local sales and collected 25 local reviews across the last 12 months.

  •   5   (53 reviews)
  •  25 Reviews in Morwell
  •  32 Sales in Morwell
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Jim Demetrios

Jim Demetrios is a recommended agent for Morwell.  They have 81 local sales and collected 21 local reviews across the last 12 months.

  •   5   (305 reviews)
  •  21 Reviews in Morwell
  •  81 Sales in Morwell
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Rachel Buglisi

Sellers who recommend Rachel Buglisi have praised them for being clear communication, local expert, responsive, friendly, supportive, reliable and empathetic

  •   4.9   (421 reviews)
  •  21 Reviews in Morwell
  •  24 Sales in Morwell
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Nathan Klep

Nathan Klep is an award winning recommended agent for Morwell.  They have 41 local sales and collected 22 local reviews across the last 12 months.

  •   4.9   (342 reviews)
  •  22 Reviews in Morwell
  •  41 Sales in Morwell
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