1 Dunoon CourtMulgrave VIC 3170
Property Details for 1 Dunoon Ct, Mulgrave
Last Listing description (February 2026)
RWC (Oakleigh) is pleased to offer 1 Dunoon Court, Mulgrave for sale via on-site Auction on Wednesday 25th March 2026 at 11:00am On-site.
This leased freehold presents an affordable and strategic investment opportunity within Melbourne's tightly held south-eastern corridor. The property is leased to long-term tenant Lito Hair and Make-up Artist, who has renewed for a further 12 month term from 1 January 2026, returning $21,000 p/a plus GST plus outgoings.
With the lease expiring in January 2027, the property provides genuine flexibility. Investors can continue the tenancy and re-negotiate terms with the existing tenant, or owner-occupiers may look to take possession and establish their own business from early 2027. The property comprises a well-presented 70m2* building configured with four (4) rooms, reception area, internal toilet and kitchenette. A substantial rear yard with engineered slab provides flexibility for storage, extension or future redevelopment (STCA).
Property Highlights:
• Land area | 186m2*
• Building area | 70m2*
• Four (4) rooms plus reception
• Internal amenities and kitchenette
• Large backyard with engineered slab
• Rental | $21,000 p.a. + GST + Outgoings
• Tenant: Lito Hair and Make-up Artist
• Lease expiry | January 2027
• Flexibility to occupy or re-negotiate
• Add-value or development potential (STCA)
Mulgrave is one of Melbourne's most established commercial and residential suburbs, located 21 km* south-east of the Melbourne CBD. The property benefits from immediate access to major arterial roads including:
• Monash Freeway (M1)
• Princes Hwy
• Springvale Road
• Wellington Road
• Blackburn Road
This connectivity provides efficient access to the CBD, Monash employment precinct and surrounding suburbs including Clayton, Wheelers Hill and Notting Hill. Public transport is well serviced via bus routes along Springvale Road and Wellington Road. Train access is available via nearby Springvale Station and Glen Waverley Station. The broader precinct is supported by major amenities including Brandon Park Shopping Centre, Waverley Gardens Shopping Centre and Monash University, reinforcing long-term demand fundamentals.
For further information or to arrange a suitable time to inspect, please contact one of the exclusive marketing agents below:
Ryan Amler | 0401 971 622
George Ganavas | 0478 634 562
*All areas and figures are approximate only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.
Property History for 1 Dunoon Ct, Mulgrave, VIC 3170
- 28 Feb 2026Listed for Sale Contact agent
- 27 Feb 2026Sold for $410,000
- 05 Sep 2019Listed for Rent $15,000 / year
Recent sales nearby
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About Mulgrave 3170
The size of Mulgrave is approximately 10.7 square kilometres. There are 40 parks, covering nearly 5.8% of the total area. The population of Mulgrave in 2016 was 19368 people. By 2021 the population was 19889 showing a population growth of 2.7% 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 2021, 74.80% of the homes in Mulgrave were owner-occupied compared with 75.40% in 2016.
Mulgrave has 9,409 properties. Over the last 5 years, Houses in Mulgrave have seen a 15.32% increase in median value, while Units have seen a 12.35% increase. As at 30 April 2026:
- The median value for Houses in Mulgrave is $1,117,576 while the median value for Units is $857,336.
- Houses have a median rent of $660 while Units have a median rent of $660.
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