1 Elvara CourtMulgrave VIC 3170
Property Details for 1 Elvara Ct, Mulgrave
Last Listing description (July 2025)
Auction Sat 12 Jul at 1:00 pm
Unlock significant potential with this exceptional 643 sqm (approx.) corner site in Mulgrave. Boasting dual street frontages and a desirable north-west orientation, this property presents a compelling opportunity for developers and investors.
The site supports flexible development, including renovation of the existing single-level dwelling, construction of a new contemporary residence, or, most notably, redevelopment into multiple dwellings (STCA).
The current improvements comprise a comfortable single-level home with a generous lounge, separate kitchen, three bedrooms, a two bathroom, separate toilet, double garage, hardwood floors, and split systems.
Strategically located in a family-friendly precinct, the property benefits from immediate access to a range of amenities. These include Hide n Seek café, Mulgrave Library, Whitehaven playground, Brandon Park, Waverley Gardens, and the Mulgrave Sunday Farmers Market. Furthermore, the site is well-serviced by public transport routes and is in close proximity to major educational institutions such as Brandon Park Primary, Wellington Secondary College, and Monash Clayton University.
This is a strategic acquisition for discerning buyers seeking to capitalise on a well-located site with diverse development upside.
Property History for 1 Elvara Ct, Mulgrave, VIC 3170
- 12 Jul 2025Sold for $950,000
- 30 May 2025Listed for Sale CONTACT AGENT
- 20 Jun 2018Sold for $850,000
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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 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 9,418 properties. Over the last 5 years, Houses in Mulgrave have seen a 25.92% increase in median value, while Units have seen a 19.45% increase. As at 28 February 2026:
- The median value for Houses in Mulgrave is $1,159,876 while the median value for Units is $859,261.
- Houses have a median rent of $650 while Units have a median rent of $655.
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