1 Franklin Street
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About this property
Its Addressed: Here's a rare opportunity to secure a high-performing, fully registered Rooming House in the heart of Morwell. Offering 9 bedrooms and 6 bathrooms, this property is already set up with reliable, steady incomeideal for passive investors seeking strong returns. Key Features: 9 Bedroom 5 with ensuite 6 bathrooms all up catering to tenant convenience Compliant and fully registered as a Rooming House Gross Annual Income: approx. $102,960 Whether you're looking to expand your investment portfolio or secure a set-and-forget cashflow asset, 1 Franklin Street delivers. Properties of this calibre, size and return profile are extremely hard to find in regional Victoria. Location Perks: Positioned close to town centre amenities, shops, transport and education precinctsMorwell continues to show solid rental demand, especially for affordable long-term accommodation options. Don't miss this opportunity to own a rare, high-yielding asset that ticks all the boxes. For further details or to arrange a private inspection, contact Luke Woodham Area Specialist Real Estate
Property Details
- Property Type
- house
- Listing Type
- For Sale
- Bedrooms
- 9
- Bathrooms
- 6
- Parking
- 2
- Land Area
- 791 m²
- Listed
- 3 months ago
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Neighbourhood
Living in Morwell
This 9-bedroom house in Morwell, VIC 3840 sits within reach of public transport, local shops and nearby schools. It is listed 25% above the $590,000 median of 79 comparable houseswithin 5 km.
Schools near Morwell
- Virtual School Victoria - Bellum Bellum Blended Learning Hubcombined
- Morwell Central Primary Schoolprimary · Prep-6 · CoEd
- Morwell Park Primary Schoolprimary · Prep-6 · CoEd
- Berry Street School - Morwell Campussecondary
- Kurnai Collegesecondary · 7-12 · CoEd
What's nearby
- Williams St/Well St (bus) — 660 m away
- Optus — 2.0 km away
- Unnamed — 443 m away
- Unnamed — 622 m away
- Unnamed — 865 m away
Morwell at a glance
Full suburb profile- Population
- 14,389
- Median age
- 43
- Household income
- $942/wk
- Median rent
- $215/wk
- Median mortgage
- $953/mo
Source: ABS Census.
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Suburb market
Suburb price trend
Morwell price trend
Median sold · House 3 bed
Compound growth +6.8% / yr over 4 yrs
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Full Morwell marketThis listing
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Price history
Listing price changes
1 price change recorded for this property
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