640 Scenic HighwayMulambin QLD 4703
Property Details for 640 Scenic Hwy, Mulambin
640 Scenic Hwy, Mulambin is a 4 bedroom, 2 bathroom Unit with 2 parking spaces. The property has a land size of 647m2. While the property is not currently for sale or for rent, it was last sold in October 2018.
Last Listing description (February 2014)
Beachfront Investment Opportunity!
Hard to come by, this older style duplex offers astute investors a rare opportunity to secure a great piece of real estate with diverse possibilities for the future. Located at popular Mulambin with the beach access literally across the road, the location is second to none. Set on 647m2, the property is comprised of 2 x 2 bedroom units which are rented to excellent tenants and currently returning $460 per week.
There are wonderful possibilities to improve the building and improve the return or to hold until such time you are ready to redevelop this outstanding site.
Property History for 640 Scenic Hwy, Mulambin, QLD 4703
- 18 Oct 2018Sold for $250,000
- 24 Oct 2016Sold for $225,000
- 13 Sep 2013Listed for Sale OFFERS WELCOME
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About Mulambin 4703
The size of Mulambin is approximately 1.5 square kilometres. It has 6 parks covering nearly 3.1% of total area. The population of Mulambin in 2011 was 614 people. By 2016 the population was 923 showing a population growth of 50.3% in the area during that time. The predominant age group in Mulambin is 0-9 years. Households in Mulambin are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mulambin work in a trades occupation. In 2011, 64.7% of the homes in Mulambin were owner-occupied compared with 55.1% in 2016.
Mulambin has 383 properties. Over the last 5 years, Houses in Mulambin have seen a 88.40% increase in median value, while Units have seen a 236.54% increase. As at 30 September 2024:
- The median value for Houses in Mulambin is $850,114 while the median value for Units is $894,748.
- Houses have a median rent of $620.
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