36 Gillie Cres, Morwell VIC 3840
36 Gillie Cres, Morwell VIC 3840
4 bedrooms on a mid block | single bathroom layout | leased until 2026 | flexible family floorplan | 600sqm land
This property offers a rare configuration for the area, with four bedrooms on a block of around 600 square metres. The layout includes a room that can function as an office or playroom, adding flexibility that suits growing families or those working from home. It is fully fenced with an outdoor area and off-street parking, making it a practical choice for owner-occupiers seeking space and privacy. The existing tenancy at $460 per week until August 2026 also appeals to investors looking for immediate rental income with a gross yield near 4.2 percent. This house sits in a convenient, family-friendly part of Morwell and is best suited to buyers wanting a larger home on a manageable block without premium finishes.
The single bathroom may limit appeal for some families, particularly those with multiple children or frequent guests. The land size varies between sources at 603 to 613 square metres, so precise measurement should be confirmed. The property sold in May 2020 without a disclosed price, which makes recent value growth unclear. While the lease provides income certainty, the fixed term until 2026 might restrict an owner-occupier’s ability to move in quickly. These factors should be weighed when forming a view on price, but none represent a fundamental flaw in the house itself.
Detailed Independent Property Report prepared by PropCred Analyst team for 36 Gillie Cres, Morwell VIC 3840
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
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Market Insight
Morwell presents as a compelling affordability-driven market, attracting buyers and investors seeking value beyond metropolitan Melbourne. Demand is fueled by this relative affordability and strong rental yields, appealing to both lifestyle-oriented homeowners and income-focused investors. Recent price trends show robust capital growth across housing types, with a notably active sales market. Future growth is underpinned by these fundamental drivers, though the suburb’s economic profile suggests sensitivity to broader regional employment conditions.
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PropCred Estimated Value
Bedrooms
4
Bathroom
1
Parking
1
Land
613m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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