OFF MARKET

5/41 Cypress Drive
Mulwala NSW 2647

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 97m2
Land area: 139m2
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Last updated 16 Dec 2024
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Property Details for 5/41 Cypress Dr, Mulwala

5/41 Cypress Dr, Mulwala is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2005. The property has a land size of 139m2 and floor size of 97m2. While the property is not currently for sale or for rent, it was last sold in September 2023.

Building Type
Unit
Year Built
2005
Floor Size
97m2
Land Size
139m2
Local Government
Federation
Lot/Plan
5/SP37724

Last Listing description (November 2023)

Set in the popular holiday pocket of Cypress Drive providing convenient access to both Yarrawonga / Mulwala's shopping strips and the three licensed clubs you will discover this outstanding refurbished ground floor north facing apartment with spectacular waterfront views of Lake Mulwala.
The investor, retiree will appreciate the options available with the ability to rent out the studio apartment separately.
As a whole the property comprises of two oversized bedrooms, two bathrooms, open plan living / meals / kitchen area with an additional kitchenette. Offered fully furnished this apartment is a perfect option for someone who is looking for a waterfront lifestyle to enjoy with the ability to source an income in the lucrative holiday rental market.

Additional features: use of the resort lagoon pool, boat mooring option, split system heating / cooling, undercover parking, block out & sheer blinds, new carpet, freshly painted throughout and corner spa bath.
Fund your retirement starting with this purchase.

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Property History for 5/41 Cypress Dr, Mulwala, NSW 2647

A timeline of how this property has performed in the market
Last Sold
$620,000
14 Sep 2023
  • 14 Sep 2023
    Sold for $620,000
  • 19 Jul 2023
    Listed for Sale $620,000
  • 11 May 2015
    Sold for $365,000
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About 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 2,599 properties. Over the last 5 years, Houses in Mulwala have seen a 59.60% increase in median value, while Units have seen a 73.09% increase. As at 30 November 2024:

  • The median value for Houses in Mulwala is $571,909 while the median value for Units is $420,051.
  • Houses have a median rent of $450 while Units have a median rent of $350.
There are currently 52 properties listed for sale, and 6 properties listed for rent in Mulwala on OnTheHouse. According to CoreLogic's data, 81 properties were sold in the past 12 months in Mulwala.

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