53 Magnolia Cres, Castletown is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1974. The property has a land size of 825m2 and floor size of 100m2. While the property is not currently for sale or for rent, it was last sold in April 2024.
Tucked away behind privacy fencing sits this 3 bedroom home that is ideal for the first home buyer or investors. With its open plan layout including kitchen, dining an living area and modern amenities, it offers both comfort and functionality. The bathroom is surely a highlight, upgraded to add a touch of luxury to everyday living. The outdoor patio is perfect for gatherings and being semi enclosed, it provides an all year round entertaining space. A 6m x 6m powered, double garage/workshop, is accessible via side access providing plenty of room for hobbies or storage. Overall, this property would be a great opportunity for a first-time buyer or an investor looking for a property with potential.
The size of Castletown is approximately 3.6 square kilometres. There are 7 parks, covering nearly 2.5% of the total area. The population of Castletown in 2016 was 4001 people. By 2021 the population was 3968 showing a population decline of 0.8% in the area during that time. The predominant age group in Castletown is 0-9 years. Households in Castletown are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Castletown work in a trades occupation.In 2021, 67.40% of the homes in Castletown were owner-occupied compared with 66.50% in 2016.
Castletown has 2,121 properties. Over the last 5 years, Houses in Castletown have seen a 75.60% increase in median value, while Units have seen a 133.24% increase. As at 31 July 2026:
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