Unit 4/7 Elgin Street, Morwell, Vic 3840

$335,000

Unit
Type
2
Bedrooms
1
Bathrooms
1
Parkings

Last updated on Wednesday, May 27, 2026 ( See property details for Unit 4/7 Elgin Street, Morwell, Vic 3840)

$335,000

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A well-located, low-maintenance brick unit in Morwell offering comfortable living and a solid investment opportunity with a long-term tenant in place.

🏡 Property Highlights

  • Prime location within walking distance to Morwell’s CBD and public transport
  • Currently leased at $330 per week until September 2027, offering immediate rental income
  • Well-maintained brick unit with low-maintenance living
  • Two spacious bedrooms with built-in robes
  • Modern kitchen with adjoining dining area
  • Decent-sized living area with split system heating and cooling

✨ Key Features

  • Built-in Robes
  • Open-Plan Living
  • Outdoor Area
  • Garage
  • Heating
  • Air Conditioning
  • Dishwasher
  • Waterfront / Views
  • Security Screens / Gates
  • Pet-Friendly

Morwell is a vibrant suburb offering excellent connectivity to the Gippsland region, with a strong community feel, convenient access to shops, public transport, and local amenities. It is ideal for investors and first-home buyers alike, boasting a mix of modern and established properties. The area benefits from ongoing development and a growing demand for rental properties, making it a strategic choice for long-term growth. Morwell’s friendly environment and accessible location make it a desirable place to live and invest.

What are the current rental terms and income for this property?
The property is leased at $330 per week until September 2027, providing a reliable rental income for investors.
Is the property suitable for first-time buyers or investors?
This property is ideal for both first-time buyers seeking a low-maintenance home and investors looking for a solid rental return with a long-term tenant in place.
What amenities are nearby?
The property is within walking distance to Morwell’s CBD, public transport, local shopping centers, Coles, and the train station, offering convenience and accessibility.
Does the property include any outdoor or communal spaces?
Yes, it features a good-sized private courtyard at the rear, perfect for outdoor relaxation.
What heating and cooling features does the property have?
The living area is equipped with split system heating and cooling for year-round comfort.
Are there any upcoming plans for development or construction in the area that could affect the property? Are there any zoning restrictions or easements that could impact future renovations or extensions? Has the property been inspected for any structural issues or defects? Are there any strata or body corporate fees applicable to this unit? Is the property located in a flood or bushfire-prone area, and what are the associated risks? Are there any additional costs or fees not included in the current rental agreement? What are the terms of the current lease, and are there any conditions that could change the rental income? Is the property compliant with all local building and safety regulations? Are there any planned upgrades or maintenance works scheduled for the property? What is the history of the property regarding previous repairs or damages?

Unit 4/7 Elgin Street, Morwell, Vic 3840 - More Details

$335,000

Type
Unit
Bedrooms
2
Bathrooms
1
Parkings
1

Price guide

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