15 Matlock Ave, Mulgrave is a 4 bedroom, 1 bathroom House with 2 parking spaces and was built in 1970. The property has a land size of 739m2 and floor size of 146m2. While the property is not currently for sale or for rent, it was last sold in September 2023.
The allure of a level, regular rectangular block measuring some 750m2 that includes the significant natural asset of a genuine of north facing rear aspect accompanies this traditional, tempting property. Entirely liveable and currently leased, the older style spaces inspire ideas for renovating, expanding, creating a dream contemporary residence or pursuing potential for multi townhouse development, STCA, when so desired.
The hardwood floorboards and original proportions of the engaging lounge and dining spaces lead to a separate kitchen featuring a gas cook-top, its own classical floorboards and an abundance of retro cabinetry. An adjacent meals area adds to the profile of a design where originality means possibility. 4 generous bedrooms are arranged around the central bathroom, with separate bath and shower, and a separate laundry.
Currently rented to a reliable long term tenant on a month to month basis, this well maintained home's indoor spaces flow to the sunny northerly rear garden of an allotment that also offers a secluded covered patio and a secure garage arrived at from the full length side drive.
An ideal investment property that's leased and liveable while you decide upon the future direction and the next phase of this family classic, the presence of multi townhouse developments already underway in the same street sets a precedent that suggests success - and saves you time and effort. Walk to Wanda St Shopping, local child care and pre-school and Albany Rise Primary School and the Wellington Secondary College campus from a location that's within easy driving reach of the Monash Freeway and Eastlink
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 9,421 properties. Over the last 5 years, Houses in Mulgrave have seen a 22.06% increase in median value, while Units have seen a 13.99% increase. As at 31 March 2026:
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