132 Lucan St, Mulwala is a 2 bedroom, 1 bathroom House with 3 parking spaces. The property has a land size of 784m2 and floor size of 75m2. While the property is not currently for sale or for rent, it was last sold in October 2025. There are other 2 bedroom House sold in Mulwala in the last 12 months.
Set on a substantial corner allotment in one of Mulwala’s most convenient locations, 132 Lucan Street presents a rare opportunity for first home buyers, renovators, investors, and developers alike.
This original 2-bedroom home is a classic renovator’s delight, offering solid bones and a blank canvas for those looking to add value. The standout feature is the large shed at the rear of the property—perfect for tradies, hobbyists, storage, or even a workshop space.
With ample room and wide street frontage, the block is also ideally suited for a unit site (STCA), giving savvy buyers a chance to capitalise on Mulwala’s strong demand for centrally located dwellings.
Located within an easy stroll to Mulwala’s shops, cafes, and stunning Lake Mulwala, the lifestyle and development potential here is undeniable.
Key Features:
* Large corner block with excellent development potential
* Original 2-bedroom home with renovation scope
* Huge shed/workshop at rear – ideal for storage, hobbies, or trade use
* Potential unit site (Subject to Council Approval)
* Walkable location close to the main street, shops, and the lake
* Rare offering in a sought-after pocket of Mulwala
Whether you're looking to renovate, redevelop or invest, this is a property that ticks all the right boxes.
Contact us today on 03) 5744 0049 for more information or to arrange your inspection.
The size of Mulwala is approximately 356.7 square kilometres. There are 15 parks, covering nearly 4.3% of the total area. The population of Mulwala in 2016 was 2161 people. By 2021 the population was 2557 showing a population growth of 18.3% in the area during that time. The predominant age group in Mulwala is 60-69 years. Households in Mulwala are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Mulwala work in a trades occupation.In 2021, 75.00% of the homes in Mulwala were owner-occupied compared with 72.60% in 2016.
Mulwala has 2,631 properties. Over the last 5 years, Houses in Mulwala have seen a 137.82% increase in median value, while Units have seen a 54.07% increase. As at 31 May 2026:
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