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2 Dunbar Avenue, Morwell$199,000
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2 Dunbar Avenue

Morwell, VIC 3840, Australia
$199,000
686 m²

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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

Repayment calculator

$965/month
$482 /fortnight
Loan $159,200 at 6.10% over 30 years

Upfront costs

Deposit$39,800
Stamp duty$7,010
Conveyancing (est.)$2,000
Total upfront$48,810
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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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
  • Woolworths1.5 km away
  • Unnamed126 m away
  • Unnamed177 m away
  • Unnamed636 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

$410kcurrent median

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Full Morwell market

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Price history

Listing price changes

1 price change recorded for this property

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