349 Invermay Rd, Mowbray is a 5 bedroom, 3 bathroom House with 3 parking spaces and was built in 1925. The property has a land size of 2740m2 and floor size of 326m2. While the property is not currently for sale or for rent, it was last sold in March 2010.
With near unlimited options, this property is hidden from the road and its scope won't become apparent without a physical inspection. A near level allotment of approx 3519m2, there is a fabulous 1920s home (4-5 bedrooms, 2-3 bathrooms, formal and informal living rooms), a large garage/workshop with power and water, and the option to purchase an additional property to enable access through to Button Street. Whether you are looking for a large family home on a generous block, a site to suit multi dwellings for affordable accommodation or a luxury townhouse development (STCA), we would suggest that you could look far and wide to find a property as good as this one.
With city views, established trees, an attractive zoning for development, and a location almost exactly in between the two university campuses, this is an excellent opportunity for the astute investor.
The size of Mowbray is approximately 9.4 square kilometres. It has 12 parks covering nearly 15.5% of total area. The population of Mowbray in 2011 was 3,751 people. By 2016 the population was 3,747 showing a population decline of 0.1% in the area during that time. The predominant age group in Mowbray is 20-29 years. Households in Mowbray are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mowbray work in a labourer occupation. In 2011, 51.6% of the homes in Mowbray were owner-occupied compared with 47.9% in 2016.
Mowbray has 1,881 properties. Over the last 5 years, Houses in Mowbray have seen a 56.76% increase in median value, while Units have seen a 60.35% increase. As at 31 October 2024:
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