TWO DWELLINGS-ONE SMART INVESTMENT OR MORE POSSIBILITIES

Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

14 Evans Street, Morwell VIC 3840

$515,000

Search Band Search Visibility Band

$515k - $541k Transparent Transparent Listing Based on an openly advertised listing price.

House 4 Beds 2 Baths 4 Cars 650 m²

Listed: yesterday

Updated: 9 hours ago

Overview

This unique property at 14 Evans Street, Morwell offers an exceptional living and investment opportunity through its innovative dual-dwelling arrangement. Consisting of two separate residences, each featuring two bedrooms and a bathroom, this property masterfully blends the charm of an original freshly painted home with the appeal of a modern, approved secondary dwelling.

This configuration is ideal for multigenerational families who seek proximity without sacrificing privacy and independence. Parents, adult children, or extended family members can each enjoy their own separate accommodation while remaining closely connected under one property title. The layout also provides flexibility for homeowners to balance lifestyle and financial goals, enabling one dwelling to function as a comfortable primary residence while the other generates supplemental rental income.

The property's current status as fully tenanted dwellings, collectively producing $610 per week, underlines its viability as a sound investment. The original home's refreshed façade lends pride of ownership and curb appeal, while the newer secondary dwelling brings contemporary comfort and an additional revenue stream.

Additional benefits include practical features such as air conditioning, fully fenced grounds, a water tank, and reliable internet access, all nestled in a convenient location close to schools, shops, and transport options. The generously sized 650 square meter land parcel provides ample outdoor space for recreational or gardening pursuits, enhancing the property's functionality.

Whether pursuing an investment with steady income potential, accommodating extended family needs, or embracing multigenerational living, this versatile dual-dwelling property at 14 Evans Street combines lifestyle flexibility with pragmatic design and income possibilities, making it a compelling offering in the Morwell market.

Local Market Insights

In Morwell, Quiet Listings observed 30 new houses entering the market over the last 30 days, unchanged from 30 in the prior period, with an average advertised asking price of $572,867. The property type mix of listed properties is predominantly Houses at 91%, followed by land (6%), and units (3%). The most active agency for houses in the Morwell area is currently Stockdale & Leggo, representing 30% of new listings, followed by McGrath Estate Agents with 17%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.