3/7 Prince Edward Ave, Mitcham is a 4 bedroom, 3 bathroom Townhouse with 2 parking spaces. The property has a land size of 400m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 4 bedroom Townhouse sold in Mitcham in the last 12 months.
OPPORTUNITY.
This four-bedroom home presents a remarkable opportunity for families or investors seeking both a serene living space and a wise financial decision. Its potential for appreciation in a family-oriented community, combined with the strong rental prospects in a high-demand area, makes it an attractive option for long-term investment. The property is well-positioned to capitalise on the growing demand for spacious and versatile family homes, ensuring its value only increases over time.
PROPERTY.
This beautifully designed two-level home offers spacious living with four bedrooms, including two master suites, one conveniently located on the ground floor and another on the top floor for added privacy. Each of the three bathrooms has been fully renovated, showcasing sleek, contemporary finishes. The kitchen is a chef's dream, featuring engineered marble benchtops, a 900mm cooktop, and ample storage space. The home is equipped with ducted heating, two split systems, and a ducted vacuum, ensuring year-round comfort and ease. Light-filled living areas with sophisticated flooring and large windows create a welcoming and stylish environment perfect for both entertaining and everyday living.
LOCATION.
Perfectly situated for family life, the home is within walking distance to Nunawading station and offers easy access to major transportation routes like Eastlink and nearby shopping at Eastland. The neighbourhood is also known for its excellent schools and abundant local amenities, providing an ideal backdrop for family activities and educational opportunities. This combination of convenience and quality of life makes it an attractive option for those looking to balance urban accessibility with the tranquillity of suburban living.
DETAILS.
Land Size: 400sqm (approx.)
Zoning: Whitehorse Council - Neighbourhood Residential Zone - Schedule 3 (NRZ3)
School Zone: Antonio Park Primary School and Mullauna Secondary College
The size of Mitcham is approximately 6.6 square kilometres. It has 23 parks covering nearly 10.8% of total area. The population of Mitcham in 2011 was 14,812 people. By 2016 the population was 16,136 showing a population growth of 8.9% in the area during that time. The predominant age group in Mitcham is 30-39 years. Households in Mitcham are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mitcham work in a professional occupation. In 2011, 73.1% of the homes in Mitcham were owner-occupied compared with 69.8% in 2016.
Mitcham has 9,245 properties. Over the last 5 years, Houses in Mitcham have seen a 16.56% increase in median value, while Units have seen a 18.91% increase. As at 31 October 2024:
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