18 Nalang RoadMundulla SA 5270
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.
Last Listing description (October 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.
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
Property History for 18 Nalang Rd, Mundulla, SA 5270
- 22 Aug 2024Listed for Sale $580,000
- 21 Jun 2013Sold for $220,000
- 23 Jan 2006Sold 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 457 properties. Over the last 5 years, Houses in Mundulla have seen a 128.65% increase in median value, while Units have seen a 90.60% increase. As at 31 October 2024:
- The median value for Houses in Mundulla is $420,682 while the median value for Units is $452,046.
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