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57 Comans Street, Morwell, Vic 3840 For Sale
57 Comans Street, Morwell, Vic 3840 57 Comans Street, Morwell, Vic 3840-Image 57 Comans Street, Morwell, Vic 3840-Image 57 Comans Street, Morwell, Vic 3840-Image 57 Comans Street, Morwell, Vic 3840-Image 57 Comans Street, Morwell, Vic 3840-Image 57 Comans Street, Morwell, Vic 3840-Image 57 Comans Street, Morwell, Vic 3840-Image 57 Comans Street, Morwell, Vic 3840-Image 57 Comans Street, Morwell, Vic 3840-Image 57 Comans Street, Morwell, Vic 3840-Image 57 Comans Street, Morwell, Vic 3840-Image 57 Comans Street, Morwell, Vic 3840-Image 57 Comans Street, Morwell, Vic 3840-Image 57 Comans Street, Morwell, Vic 3840-Image

57 Comans Street, Morwell, Vic 3840

$550,000

House
Type
4
Bedrooms
2
Bathrooms
4
Parkings
756 m²
Area

Published on Friday, October 09, 2026 ( See property details for 57 Comans Street, Morwell, Vic 3840)

$550,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile dual-occupancy property in Morwell offering strong rental returns and flexible living options on a spacious 756m² block.

🏡 Property Highlights

  • Dual-occupancy property with two income streams
  • Established rental income of $650 per week
  • Generous 756m² block in a convenient location
  • Modern main residence with study and outdoor entertaining
  • Connected one-bedroom unit with sunroom and private ensuite
  • Close to public transport, leisure centres, shops, and schools

✨ Key Features

  • Built-in Robes
  • Split-system heating and cooling
  • Outdoor Area
  • Garage
  • Carport
  • Ensuite
  • Walk-in Pantry
  • Separate living areas
  • Study
  • Laundry
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57 Comans Street
Morwell, VIC 3840
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Vertical aerial view — 57 Comans Street
57 Comans Street — Vertical Aerial  •  Morwell, VIC 3840  •  Nearmap © 2026

Morwell is a vibrant suburb offering excellent amenities, including public transport, leisure centres, shops, and schools. Its central location provides easy access to local parks and community facilities, making it ideal for families and investors alike. The area boasts a strong rental market, supported by its affordability and convenient lifestyle options. With a welcoming community and ongoing development, Morwell presents a promising opportunity for long-term growth.

What is the current rental income for the property?
The combined rental income for both residences is $650 per week, totaling approximately $33,800 annually.
Are the tenants in place, and what are the lease terms?
Yes, both residences are currently leased with ongoing tenancy agreements.
What are the ongoing costs associated with the property?
Annual costs include council rates and water service charges (~$1,980), landlord insurance (~$1,000), and water usage (~$2,200). Tenants pay their own electricity and gas.
Is there potential for future capital growth?
Morwell's ongoing development and strong rental demand suggest good potential for future capital growth.
What are the zoning and planning restrictions for this property?
The property is zoned for residential use, with no current planning restrictions affecting its dual-occupancy status.
Are there any upcoming or planned developments in the area that could affect the property's value or livability? Are there any easements, covenants, or zoning restrictions that could limit future modifications or development? Has the property been inspected for structural issues, pests, or other defects? Are there any outstanding council or water rates or other municipal charges? Is the property located in a flood or bushfire-prone area, and what are the associated risks? Are there any restrictions or conditions on the current tenancy agreements? What are the terms of the existing leases, and when are they due for renewal? Are there any planned infrastructure projects or changes in public transport that could impact the area? Is the property compliant with all relevant building codes and safety standards? Are there any additional costs or fees not disclosed in the listing, such as strata or body corporate fees?

57 Comans Street, Morwell, Vic 3840 - More Details

$550,000

Offering versatility, space and an attractive rental return, 57A & 57B Comans Street, Morwell presents a fantastic opportunity for investors seeking a dual-occupancy property with two separate residences on one generous 756m² block. Featuring a spacious three-bedroom brick home and a connected one-bedroom unit, this unique property provides two income streams, making it an appealing addition to any investment portfolio. With both residences currently tenanted and returning a combined $650 per week, this is an opportunity not to be missed!

Property Features

Main Residence – 57A Comans Street

- Three spacious bedrooms, all complete with built-in robes

- Dedicated study, ideal for working from home

- 1 Bathroom with an extra shower in laundry area

- Great-sized kitchen with adjoining dining area and walk-in pantry

- Generous living area featuring split-system heating and cooling

- Undercover outdoor entertaining area

- Good-sized laundry

- Single carport, plus a separate garage

- Currently rented for $350 per week

Connected Unit – 57B Comans Street

- One bedroom with built-in robes

- Private ensuite incorporating laundry facilities

- Great-sized kitchen with adjoining dining area

- Separate living area with split-system heating and cooling

- Additional sunroom, offering extra space and versatility

- Single carport

- Currently rented for $300 per week

Investment & Location Highlights

- Generous 756m² block

- Combined rental income of $650 per week, totalling $33,800 per annum

- Council rates and water service charges approximately $1,980 per year

- Landlord insurance approximately $1,000 per year

- Water usage paid by the landlord, approximately $2,200 per year

- Separate electricity and gas meters, with tenants responsible for their own usage

- One water meter servicing the property

- Public transport within walking distance

- Leisure centre conveniently located within walking distance

- Only a short drive to Morwell's shops, schools, cafes and other local amenities

Conclusion

Dual-occupancy properties offering this level of flexibility and established rental income are rarely available. Whether you're looking to expand your investment portfolio or secure a property with two income-producing residences, 57A & 57B Comans Street, Morwell is well worth your inspection. With both residences currently leased and a combined return of $650 per week, opportunities like this don't come around often — don't wait to see this one!

Property Code: 3504
Type
House
Bedrooms
4
Bathrooms
2
Parkings
4
Area
756 m²
House Size
228 m²

Price guide

View Statement Of Information

in compliance with Estate Agents Act 1980

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