Back 142 Wanda Street
Off Market

142 Wanda Street

Mulgrave VIC 3170

3
1
3
922 m²
House
Last sold for $1,295,000
Jed PolglazeJed Polglaze, last sold this property on 26 August 2025 after 6 days on market.

Overview

A PRIME OUTSTANDING HOME WITH DEVELOPMENT POTENTIAL (STCA) - FIRST TIME OFFERED IN 50 YEARS!

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.

Features

3 bedrooms
1 bathroom
3 carspaces
1 carport space
2 garage spaces
922 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Mulgrave over the last 12 months, the estimated median property value of 142 Wanda Street is $1.08m.

Median value
$1.08m
Estimated value range
$785k - $1.45m
Median days on market
26
Estimated value trend
7%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Mulgrave. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 142 Wanda Street

2025
Sold
$1,295,000
26 Aug 2025 by Jed Polglaze, of The Avenue Property Co.

Happy sellers in Mulgrave

80%
80% of sellers in Mulgrave reported that their sale price either exceeded or met their price expectations.

Mulgrave stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 103 reviews in Mulgrave over the last 12 months.

Local market activity for 3 bedroom houses in Mulgrave

In the last 12 months, 98 three-bedroom houses similar to 142 Wanda Street, have been sold.

This represents a 25% increase in three-bedroom houses sales when compared to the previous 12 months.

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