132 Mary Street, Morwell VIC 3840

Character-filled 962sqm block | rear access | no overlays | 3-bedroom Morwell original | FTTP | 5G The property’s competitive edge is its generous 962sqm fully fenced block with rear yard access and no bushfire, flood, or heritage overlays—rare in this market. Combined with 5G and FTTP connectivity, it suits buyers seeking a low-risk development site or a spacious family home with parking for up to four vehicles. The old-style character and zoning for Morwell Central Primary School and Kurnai College broaden its appeal to owner-occupiers and investors targeting stable rental demand near $430 per week. The primary risk is the building’s age and condition; the 2019 sale price is unavailable, and the current listing range ($335k–$445k) reflects variability in comparable sales. Buyers should budget for structural upgrades, as no recent inspection data is shared. The opportunity lies in holding for land appreciation or developing the rear lot subject to council approval. Use this property as a long-term hold or a renovation project to capture equity gains in a steady regional market.