27 Millswood Cres, Millswood is a 5 bedroom, 2 bathroom House with 1 parking spaces and was built in 1915. The property has a land size of 548m2 and floor size of 195m2. While the property is not currently for sale or for rent, it was last sold in July 2019.
Situated within easy access of all public transport, bus, train and tram, getting anywhere from this central, near City location, won't pose any issues at all. Whether it be a quick trip into the City, a duck around the corner to the shopping centre, a drive up the Freeway to the Hills or a cruise south, it's all so easy, right from the front doorstep.
This C1915 Villa has had a few alterations over the years and not all of them complimentary. Several of the larger rooms have been divided in half so as to create additional living spaces and bedrooms but that suited the current owner at the time as the property was used for student accommodation. In fact, the students who lived there really became friends of the owners as more of a family away from distant homes, than anything else. The 'hobby' of housing students turned out to be quite profitable with an income of around $1000 a week, often generated. Perhaps you too can see the potential of this 'little earner' and would like to do something similar? If you've ever dreamed of doing Student Housing, well here it is. Ready to go with nothing for you to do except start the process of moving the students in. And there's 26 solar panels to help with their power bills.
If it's a home you'd prefer to buy for a more traditional purpose, then it could really quite easily be converted back to its original floor plan. With the removal of the dividing walls, (not a difficult task according to the owners as they were installed with the view of being easily removed without damage to the original structure) and a bit of paint and patching up, I'm sure the home could be transformed into a really comfortable, character home in this highly sought after and prestigious suburb. (As at 28/5/19 the median price for Millswood was just over $1,000,000)
The size of Millswood is approximately 1 square kilometres. It has 4 parks covering nearly 9.5% of total area. The population of Millswood in 2011 was 2,043 people. By 2016 the population was 2,129 showing a population growth of 4.2% in the area during that time. The predominant age group in Millswood is 50-59 years. Households in Millswood are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Millswood work in a professional occupation. In 2011, 85.7% of the homes in Millswood were owner-occupied compared with 82.8% in 2016.
Millswood has 865 properties. Over the last 5 years, Houses in Millswood have seen a 90.52% increase in median value, while Units have seen a 52.77% increase. As at 30 September 2024:
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