142 Wanda StreetMulgrave VIC 3170
Property Details for 142 Wanda St, Mulgrave
142 Wanda St, Mulgrave is a 3 bedroom, 1 bathroom House with 3 parking spaces. The property has a land size of 922m2. While the property is not currently for sale or for rent, it was last sold in August 2025. There are other 3 bedroom House sold in Mulgrave in the last 12 months.
Last Listing description (August 2025)
This long-loved family home offers an exceptional opportunity that combines generous land size, a highly sought-after location, and endless future possibilities. Set on a substantial 922m² allotment, this solid 3-bedroom, 1-bathroom home with an oversized double garage presents an exciting opportunity for developers, investors, or families looking to create their dream residence.
The Existing Home - Comfort & Convenience:
Step inside this warm and welcoming residence, featuring spacious living areas that flow seamlessly into the heart of the home. A very functional open plan boasts a timber kitchen with a substantial meals area, serving as a natural gathering place for busy families. With ample car accommodation, including an oversized double garage plus a 2-car carport, there's room for the whole family's vehicles and secure storage.
Location Highlights:
• Education: Zoned for Albany Rise Primary School and Wellington Secondary College, with Mazenod College and Monash University Clayton Campus just a short drive away.
• Transport: Excellent connectivity via nearby bus routes along Springvale Road and Wellington Road, and quick access to both the Monash Freeway (M1) and Eastlink.
• Shopping & Dining: Minutes to Waverley Gardens Shopping Centre, Brandon Park Shopping Centre, and a variety of local cafés, restaurants, and specialty stores.
• Lifestyle & Recreation: Close to parklands, sports clubs, and community facilities, ensuring a great lifestyle for families.
Exceptional Development Potential (STCA):
Astute investors and developers will immediately recognize the outstanding potential of this flat, rectangular allotment. With favourable Monash Council zoning and zero restrictive overlays (no flood, bushfire, or heritage constraints), this represents a rare, developer-friendly opportunity for multi-unit development or luxury home construction. The clean title and optimal land configuration significantly reduce development risk while maximising profit potential.
Strong Rental Yield Fundamentals:
Current rental market analysis indicates robust demand for quality family homes in this prime location. The property's spacious layout, premium school zoning, and excellent transport connectivity deliver strong rental appeal with consistent occupancy rates. This presents an ideal "lease now, develop later" investment strategy, generating immediate cash flow while you plan your development timeline.
Whether you choose to renovate, rebuild, or redevelop, this property's size, location, and potential make it an unmissable opportunity in the heart of Mulgrave.
Auction: Saturday 13th September at 10:30am unless sold prior.
Property History for 142 Wanda St, Mulgrave, VIC 3170
- 27 Aug 2025Sold for $1,295,000
- 20 Aug 2025Listed for Sale $1,100,000 to $1,200,000
Recent sales nearby
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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 9,501 properties. Over the last 5 years, Houses in Mulgrave have seen a 34.17% increase in median value, while Units have seen a 31.80% increase. As at 30 November 2025:
- The median value for Houses in Mulgrave is $1,156,604 while the median value for Units is $902,557.
- Houses have a median rent of $650 while Units have a median rent of $650.
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