OFF MARKET

5/5 Midland Highway
Mansfield VIC 3722

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 86m2
Land area: 216m2
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Property Details for 5/5 Midland Hwy, Mansfield

5/5 Midland Hwy, Mansfield is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1975. The property has a land size of 216m2 and floor size of 86m2. While the property is not currently for sale or for rent, it was last sold in July 2022.

Building Type
Unit
Year Built
1975
Floor Size
86m2
Land Size
216m2
Local Government
Mansfield
Lot/Plan
5/RP16746

Last Listing description (November 2022)

A very neat single storey unit with a fenced courtyard in the heart of town! And the beautiful Botanic Park is right next door.

There is high demand and very little supply of affordable accommodation in Mansfield, especially within walking distance of High Street, making this a very low risk investment with a nice reliable return. Given the current rental scarcity, we estimate this unit would rent for at least $250 per week. It would also make an easy to maintain permanent living space with exciting potential for renovation to capitalise on the great location.

In addition to the open plan living area and kitchen, there are two decent sized bedrooms with built in robes, one bathroom, a laundry and a separate WC plus the private courtyard. The unit is cosy and comfortable with a split system in the main living area and zoned floor heating. Other photos and walk through video available upon request!

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Property History for 5/5 Midland Hwy, Mansfield, VIC 3722

A timeline of how this property has performed in the market
Last Sold
$270,000
02 Jul 2022
Listed for Rent
$200/w
05 Apr 2017
  • 02 Jul 2022
    Sold for $270,000
  • 13 May 2022
    Listed for Sale $285,000 - $310,000
  • 03 Apr 2018
    Listed for Sale $220,000
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About Mansfield 3722

The size of Mansfield is approximately 269.8 square kilometres. It has 7 parks covering nearly 0.4% of total area. The population of Mansfield in 2011 was 4,359 people. By 2016 the population was 4,799 showing a population growth of 10.1% in the area during that time. The predominant age group in Mansfield is 60-69 years. Households in Mansfield are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mansfield work in a trades occupation. In 2011, 69.6% of the homes in Mansfield were owner-occupied compared with 69.6% in 2016.

Mansfield has 4,138 properties. Over the last 5 years, Houses in Mansfield have seen a 90.00% increase in median value, while Units have seen a 53.91% increase. As at 31 July 2024:

  • The median value for Houses in Mansfield is $840,190 while the median value for Units is $488,301.
  • Houses have a median rent of $540 while Units have a median rent of $460.
There are currently 58 properties listed for sale, and 2 properties listed for rent in Mansfield on OnTheHouse. According to CoreLogic's data, 105 properties were sold in the past 12 months in Mansfield.

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