OFF MARKET

48 Wanda Street
Mulgrave VIC 3170

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Land area: 189m2
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Last updated 28 Oct 2024
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Property Details for 48 Wanda St, Mulgrave

48 Wanda St, Mulgrave is a 3 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 189m2. While the property is not currently for sale or for rent, it was last sold in May 2014.

Building Type
Unit
Land Size
189m2
Local Government
Monash
Lot/Plan
191/LP60820

Last Listing description (June 2014)

SHOP AND DWELLING WITH GREAT EXPOSURE
Harcourts Judd White is pleased to offer you a chance to purchase this excellent investment property zoned ???Business 1??? and conveniently located just minutes from major arterial roads such as Springvale Road, Wellington Road, Princess Hwy and both Monash and EastLink Freeways.
The site is currently tenanted to two (2) tenants on the one (1) title. The Wanda Street shopping strip is well known and 48 Wanda Street is securely leased to the popular Valewood Pharmacy. The 3 bedroom dwelling (above and behind the shop) has undergone substantial renovation. The site offers ample car parking front and rear.

Shop Lease: Five (5) year lease (commenced 1st January 2011) with two further terms of (five) 5 years each.
Shop/dwelling combined currently returning $42,663.20 per annum exclusive of GST + outgoings for shop. (Dwelling sub lease commenced 6/09/2013 for 12 months at $15,600 per annum.)
- Excellent opportunity to buy shop plus dwelling with a building area of
(approx) 188m2
- Land size 186m2 (approx),
- Zoned Business 1
- Plenty of parking front and rear
- Rear lane access
- Re-Development potential (S.T.C.A)

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Property History for 48 Wanda St, Mulgrave, VIC 3170

A timeline of how this property has performed in the market
Last Sold
$685,000
24 May 2014
Listed for Rent
$300/w
07 Sep 2013
  • 24 May 2014
    Sold for $685,000
  • 16 Apr 2014
    Listed for Sale Not Disclosed
  • 29 Jul 2013
    Listed for Rent $300 / week
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About Mulgrave 3170

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 9,250 properties. Over the last 5 years, Houses in Mulgrave have seen a 24.33% increase in median value, while Units have seen a 16.68% increase. As at 30 September 2024:

  • The median value for Houses in Mulgrave is $1,090,961 while the median value for Units is $827,396.
  • Houses have a median rent of $620 while Units have a median rent of $620.
There are currently 24 properties listed for sale, and 15 properties listed for rent in Mulgrave on OnTheHouse. According to CoreLogic's data, 266 properties were sold in the past 12 months in Mulgrave.

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