2 Dunbar Avenue
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About this property
Welcome to 2 Dunbar Avenue, Morwell, where your dream of building a custom home or making a savvy investment becomes reality! This corner allotment of approx. 686.1 square meters (approx), nestled in General Residential Zoning, offers unparalleled potential. With ample space to craft your ideal dwelling or explore multi-unit development (STCA), the possibilities are endless. But that's not all! Imagine enjoying an average rental yield of 5.7% per annum, making it not only a place to call home but a smart investment opportunity too. Located just 500 meters from Morwell CBD, convenience is at your doorstep, with shops, dining, and entertainment options just a stone's throw away. Commute effortlessly with a mere 15-minute drive to Traralgon via C477, ensuring easy access to neighbouring towns and amenities. Plus, with primary schools in proximity, it's the perfect location for families seeking convenience and quality education. Your dream home build or investment awaits at 2 Dunbar Avenue, Morwelldon't let this opportunity pass you by! Contact us today to secure your future in this thriving community. We advise all potential purchasers to conduct their own enquiries and refer to the due diligence checklist from Consumer Affairs Victoria. https://www.consumer.vic.gov.au/housing/buying-and-selling-property/checklists/due-diligence Property Code: 7
Property Details
- Property Type
- land
- Listing Type
- For Sale
- Land Area
- 686 m²
- Listed
- 3 months ago
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Neighbourhood
Living in Morwell
This land in Morwell, VIC 3840 sits within reach of public transport, local shops and nearby schools. It is listed 66% below the $589,550 median of 79 comparable landswithin 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) — 1.0 km away
- Woolworths — 1.5 km away
- Unnamed — 126 m away
- Unnamed — 177 m away
- Unnamed — 636 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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