4 Doolan Street, Morwell VIC 3840

The Phone Code for this property is: 29989. Please quote this number when phoning or texting.

This charming four bedroom family home is nestled in a spacious 844sqm block on a peaceful street. It's perfect for a growing family, a first-time home buyer, or an

Residential Rental Agreement starts on 25/11/2025 @$550 pw, one year fixed term ending 25/11/2026. Current rental compliance documents included.

The house has a striking exterior and a fully fenced yard, you'll find four generously sized bedrooms, all with built-in robes, and two updated bathrooms.

The layout is easily adapted into two zones, so elderly parents or younger adults have added privacy, or renters may indeed host a boarder to 1) help with reducing the housing shortage and 2) have additional income contributing to the rental instalments.

The house has been recently repainted and features a refitted kitchen, continuous unlimited gas hot water, and ample heating and cooling with several reverse cycle air conditioners and gas space

With the convenience of NBN FTTN and 5G mobile coverage, this home offers modern living in a secure and private setting

You are invited to set up private inspections at short notice as the house is vacant. A current pest inspection report and preventative treatment documentation is available to view at inspection

Affordability Comparison -

Dwelling value-to-income ratio (or median multiple) - Morwell's median multiple (houses) of approximately 5.41x ($352,000 : $65,000) is probably the lowest, and exceptionally affordable (in an Australian context), in an established regional centre that is not isolated.

Combined with a long history of - 6.2% rental yields, low 1-2% vacancy rates, an estimated year-on-year compound median house value appreciation rate in Morwell, over the last 10 years (2015 to 2025), of approximately 7.9%, comprehensive facilities & services and 90 minute commute to Melbourne, Morwell is an obvious choice for investors.

The inevitable value correction could be an added bonus.

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.