73 Lea RoadMulgrave VIC 3170
Property Details for 73 Lea Rd, Mulgrave
73 Lea Rd, Mulgrave is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 1960. The property has a land size of 738m2 and floor size of 129m2. While the property is not currently for sale or for rent, it was last sold in May 2023.
Last Listing description (June 2023)
An exceedingly rare offering for the astute investor, builder, developer or families looking for an exciting townhouse development opportunity in the tightly held pocket of Mulgrave with this fantastic family home on a generous block of 739m2 approx., complete with approved and plans and permits to build two brand new four bedroom townhouse. Start building as all the time and efforts of dealing with council bureaucracy has been saved for you and with all the hard work of obtaining town planning permit completed, you can now focus on the exciting construction and most importantly making profit.
Sitting proudly on a quiet, leafy street in one of Mulgrave's most sought after locations, the existing dwelling is currently tenanted with a lease until the end of this year, giving you the appropriate time to obtain your building permit.
The plan and permit features two four-bedroom townhouses, each with three living areas and double garage. Townhouse number one measures 30.4sq (approx.), with number two at 27.4sq (approx.).
Consider all your options: live in one and rent out the other, rent out both to supercharge your income, or take the opportunity to live with extended family members on the same block but in separate residences.
Situated in a sensational school-ready location with just a short walk to most of Mulgrave's local schools including St John Vianney's, Albany Rise Primary and Wellington Secondary. Local transport is a breeze with bus stops right on your doorstep to take you to Waverley Gardens Shopping Centre plus a short stroll to Wanda St local village and easy access to both M1 Freeway and Eastlink. This opportunity is as rare as it comes so act quick!
Designed by APT Architecture PTY LTD
Property History for 73 Lea Rd, Mulgrave, VIC 3170
- 30 May 2023Sold for $930,000
- 22 Mar 2023Listed for Sale UNDER CONTRACT
- 11 Oct 2021Listed for Rent $420 / week
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 9,423 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:
- The median value for Houses in Mulgrave is $1,152,552 while the median value for Units is $846,077.
- Houses have a median rent of $660 while Units have a median rent of $650.
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