114 Hansworth St, Mulgrave is a 2 bedroom, 1 bathroom House. The property has a land size of 266m2. While the property is not currently for sale or for rent, it was last sold in March 2023.
A sound investment with spectacular future prospects, this former milkbar captures the corner and combines a stylish shopfront/office space and separate residence with approved plans for two apartments. Whether you're running a business or searching for your first home, this impressive offering is certain to tick all the right boxes with potential to utilize either the office or residence and lease out the other, or simply enjoy the benefits of both. With frontage onto Hansworth St, the shopfront/office has been magnificently modernized and welcomes you with a stylish timber door that invites you through to a large conference room with modern floor-to-ceiling windows, high ceilings and split system heating/air conditioning. A separate office space relishes tinted internal windows plus a stone display ledge, while the staffroom provides space for mealtimes and connects through to the powder room and gated courtyard for off-street parking. The rear residence is accessed via Einstein Ave and flaunts a fashionable renovation, comprising two robed bedrooms, dual vanity bathroom with floor-to-ceiling tiles plus a separate laundry. The living room is beautifully presented with contemporary flooring and split system heating/air conditioning, flowing through to the kitchen equipped with waterfall stone benches, Chef appliances, soft close cabinetry plus servery windows out to the private courtyard. For those keen to capitalize, the site comes with approved plans and permits for two apartments that remove the current 2-bedroom residence and replace it with four parking spaces beneath the apartments that each contain 3-bedrooms and 2-bathrooms. Rounding out this premier offering is its prized placement, just around the corner from Albany Rise Primary, Wellington Secondary, Southern Reserve and Waverley Gardens Shopping Centre, with the convenience of Monash and EastLink Freeways only minutes away.
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The size of Mulgrave is approximately 10.7 square kilometres. It has 40 parks covering nearly 5.8% of total area. The population of Mulgrave in 2011 was 17,647 people. By 2016 the population was 19,380 showing a population growth of 9.8% in the area during that time. The predominant age group in Mulgrave is 30-39 years. Households in Mulgrave are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mulgrave work in a professional occupation. In 2011, 77.3% of the homes in Mulgrave were owner-occupied compared with 75.4% in 2016.
Mulgrave has 9,257 properties. Over the last 5 years, Houses in Mulgrave have seen a 20.64% increase in median value, while Units have seen a 17.77% increase. As at 31 October 2024:
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