OFF MARKET

7/5 Midland Highway
Mansfield VIC 3722

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 71m2
Land area: 146m2
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Last updated 16 Sep 2024
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Property Details for 7/5 Midland Hwy, Mansfield

7/5 Midland Hwy, Mansfield is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 146m2 and floor size of 71m2. While the property is not currently for sale or for rent, it was last sold in September 2022.

Building Type
Unit
Year Built
1970
Floor Size
71m2
Land Size
146m2
Local Government
Mansfield
Lot/Plan
7/RP16746

Last Listing description (November 2022)

The well established and well known Midland Highway Apartments have multiple units currently available for purchase. Purchase one, or buy multiple!

As every good investor or home owner knows location is the key, and you cant get any better than this! Direct access to the botanic gardens meters away from the front yard and a short stroll to the heart of town.

Apartments 1, 2 and 7 feature 2 generously sized bedrooms with built in robes, 1 bathroom, an open plan living area, separate laundry and private individual courtyard and gardens. All have a good sized split system in the main living area and zoned under floor heating.

With extremely high demand and very little supply of affordable accommodation in Mansfield, this is a very low risk investment with a guaranteed reliable return, or you could take advantage of the exciting potential for renovation and capitalise on this unbeatable location.

Situated on 2.96 Acres there is basically enough space for you to bring your horse if you decide to make one of these well-built apartments your permanent home a low maintenance and conveniently located option for retirement.

Apartments 1, 2 and 7 are all currently tenanted with long standing tenants who would love to continue their residency. Out of respect for the current residents, we have not loaded photos of the inside but can provide more on request.

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Property History for 7/5 Midland Hwy, Mansfield, VIC 3722

A timeline of how this property has performed in the market
Last Sold
$1,000
17 Sep 2022
  • 17 Sep 2022
    Sold for $1,000
  • 02 Aug 2022
    Listed for Sale $330,000 - $360,000
  • 24 Jul 1997
    Sold for $48,000
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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 4,140 properties. Over the last 5 years, Houses in Mansfield have seen a 84.52% increase in median value, while Units have seen a 44.56% increase. As at 31 August 2024:

  • The median value for Houses in Mansfield is $845,436 while the median value for Units is $529,322.
  • Houses have a median rent of $540 while Units have a median rent of $460.
There are currently 61 properties listed for sale, and 2 properties listed for rent in Mansfield on OnTheHouse. According to CoreLogic's data, 106 properties were sold in the past 12 months in Mansfield.

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