OFF MARKET

18 Nalang Road
Mundulla SA 5270

Bedrooms: 6
Bathrooms: 4
Car spaces: -
Floor area: 90m2
Land area: 2063m2
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Last updated 16 Sep 2024
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Property Details for 18 Nalang Rd, Mundulla

18 Nalang Rd, Mundulla is a 6 bedroom, 4 bathroom House and was built in 1910. The property has a land size of 2063m2 and floor size of 90m2. While the property is not currently for sale or for rent, it was last sold in June 2013.

Building Type
House
Year Built
1910
Floor Size
90m2
Land Size
2063m2
Local Government
Tatiara
Lot/Plan
A2/D26684

Last Listing description (August 2024)

This property is a very unique Investment Opportunity.
With the main residence being a very well maintained 3 bedroom cottage which has been used by the current owners as short term accommodation but would make an ideal home, or as a permanent rental or continue with the current income stream with its current use as a short term rental.
Complimenting the main dwelling is 3 fully self contained units that are located at the rear of the property. They are ideal for short term accommodation which is what they have been very successfully used for, but with promotion and some advertising the occupation rate could possibly be increased.

The large allotment of approximately 2063m2 makes an ideal and spacious location for the 4 properties and being opposite the Old Mundulla Hotel and adjacent to the Mundulla Store it is only a few steps for your food and a few social drinks.
You could rent out all 4 properties or live in the main home and lease the 3 units as short term accommodation, this is definitely a unique opportunity that has so many options.
Call us for further details and an inspection.
RLA153432

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Property History for 18 Nalang Rd, Mundulla, SA 5270

A timeline of how this property has performed in the market
Last Sold
$220,000
21 Jun 2013
  • 22 Aug 2024
    Listed for Sale $580,000
  • 21 Jun 2013
    Sold for $220,000
  • 23 Jan 2006
    Sold for $200,000
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About Mundulla 5270

The size of Mundulla is approximately 102.6 square kilometres. The population of Mundulla in 2011 was 675 people. By 2016 the population was 408 showing a population decline of 39.6% in the area during that time. The predominant age group in Mundulla is 50-59 years. Households in Mundulla are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mundulla work in a managers occupation. In 2011, 84.4% of the homes in Mundulla were owner-occupied compared with 83% in 2016.

Mundulla has 454 properties. Over the last 5 years, Houses in Mundulla have seen a 124.25% increase in median value, while Units have seen a 90.60% increase. As at 31 August 2024:

  • The median value for Houses in Mundulla is $415,419 while the median value for Units is $452,046.
There are currently 4 properties listed for sale, and 1 property listed for rent in Mundulla on OnTheHouse. According to CoreLogic's data, 6 properties were sold in the past 12 months in Mundulla.

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