195 Lucan St, Mulwala is a 4 bedroom, 1 bathroom House with 6 parking spaces. The property has a land size of 1257m2. While the property is not currently for sale or for rent, it was last sold in February 2026. There are other 4 bedroom House sold in Mulwala in the last 12 months.
The residence comprises four well-proportioned bedrooms serviced by one central bathroom, separate lounge area and expansive kitchen providing a solid and functional layout ideal for family living or rental accommodation.
Outside, the property truly sets itself apart with a huge carport, perfectly suited for boat, caravan, or trailer storage, catering to the lifestyle Mulwala is renowned for.
Adding further value is excellent side access options on both sides of the house and a large shed in the expansive rear yard , offering secure storage, workshop space, or additional vehicle accommodation. This rare level of access and usability significantly enhances the property's versatility.
Of particular note is the strong subdivision and development potential (STCA), making this an exciting prospect for buyers seeking to capitalise on a highly desirable location. With generous land dimensions and access points already in place, the site offers massive appeal for future development, redevelopment, or dual-occupancy opportunities.
Situated close to local amenities, Lake Mulwala, clubs, schools, and the Yarrawonga township, this property combines lifestyle convenience with outstanding long-term growth prospects.
• Four well-proportioned bedrooms
• One central bathroom with practical layout
• Huge carport ideal for boat, caravan, or van storage
• Excellent side access to the rear of the property
• Drive-through access to a rear shed/workshop
• Generous backyard with multiple use options
• Subdivision and development potential (STCA)
• Strong appeal for redevelopment or dual-occupancy opportunities
• Well-established, quiet street in a sought-after Mulwala location
A property with this level of land, access, and development potential is rarely offered. 195 Lucan Street represents a standout opportunity in the Mulwala market.
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 2,630 properties. Over the last 5 years, Houses in Mulwala have seen a 48.94% increase in median value, while Units have seen a 59.37% increase. As at 30 April 2026:
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