13 Sturt Street Mulwala NSW 2647

Central Mulwala | 1,012m² large block | Double brick character home | 3 bedrooms | Near primary school This property’s primary strength is its substantial landholding in a central location, a combination becoming increasingly rare. The double-brick construction of the character home offers durability and low maintenance. This house best serves a buyer seeking a long-term home with space, or an investor banking on land value appreciation in a tightly held area. Its larger block size immediately distinguishes it from typical offerings in the area. The principal risk is valuation ambiguity, with a listed price significantly above its estimated market value, demanding immediate due diligence. The configuration discrepancies in bathroom and parking counts between listings require physical verification. Proceed only with a negotiated price aligned to recent comparable sales, positioning this as a long-term hold to realise the land’s potential. Our property report would clarify its real market valuation and identify locality-specific risks for insurance and investment security. Recent sales context: 29 houses sold in Mulwala this year, averaging 58 days on market. The recent suburb median sold price is $549,000. A direct nearby comparable at 26 Sturt Street recently sold; it featured 3 bedrooms but only 1 bathroom and a 144m² building size. This suggests the subject property, with its larger land component, should command a premium, but the listed price requires validation against these actual sales figures.