131 Melbourne StreetMulwala NSW 2647
Property Details for 131 Melbourne St, Mulwala
131 Melbourne St, Mulwala is a 2 bedroom, 1 bathroom House. The property has a land size of 1012m2. While the property is not currently for sale or for rent, it was last sold in August 2015.
Last Listing description (May 2014)
IDEAL INVESTMENT !
Very rarely does an opportunity like this come onto the market !
Set in the midst of it all in the lovely landscaped main street of Mulwala, opposite Lake Mulwala, within walking distance to Clubs, Hotels, the Supermarket, Yarrawonga Shopping Centre, Boat Ramp and Parks.
FACTORY/SHOWROOM
The factory of 200m2 consists of a showroom/office/storeroom work area with a mezzanine floor as well as gas heating and evaporative cooling! There is a semi-circular driveway and ample parking space for customers out the front and has been leased out as a fishing-camping retail business for $200,000 per annum. Vacant possession is available from the 1st November 2013.
HOUSE
At the rear of the factory is a lovely 2 bedroom brick veneer house which has its own driveway and rear access. Both bedrooms have BIR???s and the modern equipped kitchen and lounge/dining room opens out to a paved alfresco covered area- perfect for entertainment! The property includes gas heating and evaporative cooling, as well as a secure yard and garden shed. There is ample room for caravan and boat storage making it all the more appealing ! The house has been rented for $220 per week. Vacant possession is available from the 1st November 2013.
This property has endless possibilities ???
1.. As an investment it will return the buyer approx 7% per annum
2.. Use the factory for your business and live in the house
3.. Rent the factory which is currently leased at $200,000 per annum - and live in the house rent free
4.. Rent the factory and the house which will generate $30,000 per annum or use the rear as a holiday as a free holiday home.
Inspections are recommended! For more information, call the team at Extons Real Estate today on 03 5743 1400
Property History for 131 Melbourne St, Mulwala, NSW 2647
- 10 Aug 2015Sold for $425,000
- 25 Jun 2009Listed for Sale $490,000
- 29 Dec 2005Listed for Sale $470,000
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0About Mulwala 2647
The size of Mulwala is approximately 356.7 square kilometres. It has 15 parks covering nearly 4.3% of total area. The population of Mulwala in 2011 was 1,903 people. By 2016 the population was 2,173 showing a population growth of 14.2% in the area during that time. The predominant age group in Mulwala is 60-69 years. Households in Mulwala are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mulwala work in a trades occupation. In 2011, 72.2% of the homes in Mulwala were owner-occupied compared with 72.6% in 2016.
Mulwala has 2,591 properties. Over the last 5 years, Houses in Mulwala have seen a 91.68% increase in median value, while Units have seen a 80.40% increase. As at 31 October 2024:
- The median value for Houses in Mulwala is $678,510 while the median value for Units is $437,484.
- Houses have a median rent of $450 while Units have a median rent of $355.
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