48 Wanda StreetMulgrave VIC 3170
Property Details for 48 Wanda St, Mulgrave
48 Wanda St, Mulgrave is a 3 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 186m2. While the property is not currently for sale or for rent, it was last sold in May 2014.
Last Listing description (June 2014)
SHOP AND DWELLING WITH GREAT EXPOSURE
Harcourts Judd White is pleased to offer you a chance to purchase this excellent investment property zoned ???Business 1??? and conveniently located just minutes from major arterial roads such as Springvale Road, Wellington Road, Princess Hwy and both Monash and EastLink Freeways.
The site is currently tenanted to two (2) tenants on the one (1) title. The Wanda Street shopping strip is well known and 48 Wanda Street is securely leased to the popular Valewood Pharmacy. The 3 bedroom dwelling (above and behind the shop) has undergone substantial renovation. The site offers ample car parking front and rear.
Shop/dwelling combined currently returning $42,663.20 per annum exclusive of GST + outgoings for shop. (Dwelling sub lease commenced 6/09/2013 for 12 months at $15,600 per annum.)
- Excellent opportunity to buy shop plus dwelling with a building area of
(approx) 188m2
- Land size 186m2 (approx),
- Zoned Business 1
- Plenty of parking front and rear
- Rear lane access
- Re-Development potential (S.T.C.A)
Property History for 48 Wanda St, Mulgrave, VIC 3170
- 24 May 2014Sold for $685,000
- 16 Apr 2014Listed for Sale Not Disclosed
- 29 Jul 2013Listed for Rent $300 / week
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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 34.37% increase in median value, while Units have seen a 21.67% increase. As at 31 December 2025:
- The median value for Houses in Mulgrave is $1,172,271 while the median value for Units is $870,115.
- Houses have a median rent of $650 while Units have a median rent of $650.
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