102 Commercial Road, Morwell VIC 3840

102 Commercial Road, Morwell VIC 3840
4 bed 2 bath family house | rewired throughout | brand-new split system | central Morwell main-road strip | family buyer target A 4 bed 2 bath family format is offered on a main-road corridor in central Morwell, where practical detached housing is what most local buyers search for. A genuine condition edge is provided by the recent rewire and the new split system, with two of the costliest upgrade items in an older house already removed. Direct access to schools, shops and the town core is given by the Commercial Road position, though quiet is traded for convenience. Owner-occupier families are best served here, and a clean entry into a suburb with steady rental demand is also offered to yield-focused buyers. This is solid middle-of-market stock, not a prestige product. Value may be tempered by the noise and traffic of a main-road position, and the final price might be influenced most by the kitchen and bathroom finishes. Any remaining update cost should also be weighed by a buyer against the convenience and street presence this central location provides. >> Comparable Sales: 96 Commercial Road, 4 bed 2 bath 2 car on 585 m², sold January 2021 | Property Price Band: $500K–$600K | Value Drivers: updated wiring and heating, 4-bed family layout, main-road access and exposure
Detailed Independent Property Report prepared  by PropCred Analyst team for 102 Commercial Road, Morwell VIC 3840
Checks found:
Value Risk ! 1
Liquidity Risk ✓
Planning Risk ✓
Income Risk ✓
Execution Risk ! 1
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Market Insight

Morwell, in Victoria’s Latrobe Valley, remains one of the state’s more affordable regional markets. Demand is driven by buyers exiting Melbourne’s high-price environment, attracted by low entry points and strong rental returns, with gross yields on houses and units ranging from 5.1% to 6.2%. The house market has tightened over the past year: median prices sit between $352,000 and $383,000, with annual capital growth of 10.45% to 13.7%, while units have grown 18.65% to 33.3% annually to a $308,500–$320,000 median. Sales activity is solid at 557 house sales over 12 months, though houses take 56–82 days to sell and clearance rates run 57%–69.4%. Affordability relative to Melbourne and a country lifestyle support further demand, but elevated unemployment and lower household incomes temper the outlook, leaving the suburb exposed to broader economic conditions.
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PropCred Estimated Value

Bedrooms

5

Bathroom

4

Parking

4

Land

767m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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