Open for Inspection Times
4 Doolan St, Morwell, VIC 3840
Sensational value. This one ticks all the boxes in this price range! Invest or Live-in, quiet residential area.
Opportune entry into real estate market, still affordable for now!
4 Doolan Street, Morwell 3840, Vic., is an awesome example of a stand-alone house with 1950s honesty, has concrete walls with textured rendering, polished floorboards, and tiled roof. 3 average size bedrooms are accessed from a passage which also serves the kitchen, bathroom and lounge room allowing for privacy. A generous deck/ BBQ area at the back makes for easy informal entertaining within a secure back yard. Gas heating in the lounge has complimenting reverse cycle split system air conditioners in the lounge room and the kitchen efficiently controlling the ambience in winter or summer. Kitchen has been renovated recently and has polished wooden cabinets which include a dishwasher and pantry. The renters have been there since 2019 and rent is $330pw, ($17,200pa gross), their fixed term agreement finished and reverted to a month to month agreement. They are given a $30pw discount for early payment of rent and have been trouble free. This home is ideal for first home buyers at this low price point, or an astute investor who understands capital growth trends +9.8% average pa in Morwell- that's pretty much $25,800pa or $70/day, every day! - (https://www.propertyvalue.com.au/suburb/morwell-3840-vic), in addition to lucrative rental income working out to . The full size block is a bonus, and is set in a General residential Zone - Schedule 1. the property is NOT in a designated Bush Fire Prone Area and is on relatively high ground. Outgoings are approximately - 1) Council Rates $1,195pa. 2) water rates $985pa. There are no maintenance issues outstanding, and it is sold as is. s32 vendor statement, and any other information is available on request. It is listed by the owners who are motivated to sell at a price point in the range of $260-280K