5/88 Mulgrave Cres, Forest Lake is a 2 bedroom, 1 bathroom Townhouse with 1 parking spaces and was built in 1999. The property has a land size of 176m2 and floor size of 93m2. While the property is not currently for sale or for rent, it was last sold in December 2021.
You will be pleasantly surprised with this townhouse comprising of 2 Bedrooms, 2 separate living areas, Master bedroom with large balcony, 2 Courtyards with one having private access to the park it over looks.
Perfect for the astute investor wishing to add to their investment portfolio or an equally good buy for a small family looking for a low maintenance secured property.
More attributes below to compliment the photos
2 Good Sized Bedrooms with Built In Robes
Upstairs Bathroom with separate toilet
Central Kitchen over looking the tiled living area
Internal Laundry
Security Doors
Secure Courtyard between the property and the single remote garage
Secure Courtyard overlooking the parklands
Air Conditioning
Gated Boutique Complex
Achievable rental return of $320 - $330 per week
The size of Forest Lake is approximately 9.9 square kilometres. It has 36 parks covering nearly 15.4% of total area. The population of Forest Lake in 2011 was 22,426 people. By 2016 the population was 22,896 showing a population growth of 2.1% in the area during that time. The predominant age group in Forest Lake is 40-49 years. Households in Forest Lake are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Forest Lake work in a professional occupation. In 2011, 65.5% of the homes in Forest Lake were owner-occupied compared with 68.4% in 2016.
Forest Lake has 8,448 properties. Over the last 5 years, Houses in Forest Lake have seen a 89.86% increase in median value, while Units have seen a 99.03% increase. As at 31 October 2024:
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