38 Highfield Ave, Mulgrave is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 699m2 and floor size of 102m2. While the property is not currently for sale or for rent, it was last sold in December 2016.
On around 714sqm approximately of land, this classic brick veneer home has been kept in very good condition throughout its life and offers its new owner the potential to renovate and modernize or explore the potential for a unit development (STCA). Currently tenanted, the home has a standing lease until January 2017 returning $18,764 p.a (approx) giving investors and developers instant returns. Fronted by a low brick fence and lovely garden, the home features a central hallway that is flanked by a generous lounge with a gas heater and an adjoining room that could double as the additional 3rd bedroom. There's also a central bathroom with an integrated meals area, as well as an extended family/rumpus room for more casual living, a family bathroom and separate toilet, while outside you find a single garage with remote door, plus a shed and a big yet easily maintained backyard. In a quiet pocket of Mulgrave the home has buses at the end of the street and you can easily access local schools, Monash University, Monash Freeway and shops at Brandon Park, Waverley Gardens and central Springvale in minutes.
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 9,261 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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