5/5 The Parade Mansfield VIC 3722
Property Details for 5/5 The Parade, Mansfield
5/5 The Parade, Mansfield is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1990. The property has a land size of 324m2 and floor size of 44m2. While the property is not currently for sale or for rent, it was last sold in January 2024.
Last Listing description (March 2024)
Calling all first-time homebuyers! This property offers a unique opportunity to step into homeownership effortlessly. With plans in place for a seamless 2-bedroom extension, this residence promises exceptional Airbnb returns with minimal effort. Nestled within walking distance to vibrant Mansfield town, this home is the epitome of convenience and comfort, making it an ideal choice for discerning investors or savvy homeowners.
The property's low-maintenance charm is enhanced by tranquil gardens, creating a peaceful oasis in this coveted neighborhood. The cozy living spaces are designed to evoke warmth and intimacy, offering an ideal retreat for relaxation. With 300 sqm of space to call your own, there's ample room for personalization and enjoyment. Extending the property is made simple-just submit to council. All engineering, plans, and LCA are secured, leaving you hassle-free to engage a builder and obtain your building permit.
Experience year-round comfort with split-system heating and cooling, ensuring every season is enjoyed to the fullest, complemented by floor heating for ultimate coziness. The well-appointed kitchen, featuring a European-style laundry, seamlessly flows into the open-plan living room, creating a harmonious space for entertaining and socializing.
This property is primed for a charming bed and breakfast setup, catering to the growing demand for intimate getaways. Additionally, it offers a promising addition to your investment portfolio, ensuring both short-term gains and long-term value appreciation.
Key Features We Love:
- Convenient proximity to town and local amenities
- Beautiful, well-maintained gardens
- Serene and tranquil surroundings
- Equipped with split-system heating and cooling for year-round comfort
- Floor heating and Nobo heaters for added warmth
- Modern kitchen with an integrated European-style laundry
- Spacious open-plan living area
- Architectural blueprints available for various 2-bedroom, 2-bathroom extension designs
Don't let this lucrative investment opportunity slip away! Contact us today to discover more about the plans for the 2-bedroom extension and secure your place in the thriving hospitality industry!
**Disclaimer**
All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property
Property History for 5/5 The Parade, Mansfield, VIC 3722
- 30 Jan 2024Sold for $460,000
- 25 Oct 2023Listed for Sale $455,000 - $495,000
- 15 Jan 2021Sold for $310,000
Recent sales nearby
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0About Mansfield 3722
The size of Mansfield is approximately 269.8 square kilometres. It has 7 parks covering nearly 0.4% of total area. The population of Mansfield in 2016 was 4787 people. By 2021 the population was 5541 showing a population growth of 15.8% in the area during that time. The predominant age group in Mansfield is 60-69 years. Households in Mansfield are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mansfield work in a trades occupation.In 2021, 74.10% of the homes in Mansfield were owner-occupied compared with 69.60% in 2016.
Mansfield has 4,486 properties. Over the last 5 years, Houses in Mansfield have seen a 44.68% increase in median value, while Units have seen a 46.11% increase. As at 31 January 2026:
- The median value for Houses in Mansfield is $785,518 while the median value for Units is $542,927.
- Houses have a median rent of $590 while Units have a median rent of $500.
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