Prime Position. Endless Possibilities. Immediate Potential.

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21 Kitchen Street, Mansfield VIC 3722

$640,000 - $695,000

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$640k - $672k Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 2 Cars 722 m²

Listed: 19 days ago

Overview

Located in one of Mansfield's most sought-after streets, this property offers a substantial 722sqm corner allotment that combines prime position with remarkable versatility and potential for the future. Its generous land size and prominent corner location provide an appealing foundation for a variety of development options, including renovation, extension, rebuilding, or redevelopment subject to council approval.

The existing home, featuring three bedrooms and a single bathroom, serves as an ideal starting point for both investors and owner-occupiers. Having previously achieved a rental income of $450 to $500 weekly, the residence currently offers immediate income potential, allowing occupants to benefit from the property's attractive location while contemplating its next evolution.

With its wide frontage, the allotment offers flexibility for diverse configurations and improvements. For those seeking convenience, the property's proximity to Mansfield's vibrant High Street ensures easy access to local shops, cafes, and key amenities, enhancing lifestyle opportunities.

Generous 722sqm corner allotment
Highly desirable and rarely available Mansfield location
Existing three-bedroom, one-bathroom home with rental history
Potential to secure $450–$500 per week rental return
Wide frontage amplifying design and development possibilities
Close to vibrant High Street amenities
Excellent site for renovation or redevelopment (STCA)
Suited to investors, renovators, builders, and owner occupiers

This property represents a unique opportunity to acquire a large and versatile parcel in the heart of Mansfield, an area where such sizable allotments increasingly become rare. Whether intending to hold as an investment, update and modernize the existing residence, or pursue a new build, the site offers both immediate benefits and long-term prospects in a tightly held neighborhood.

Local Market Insights

In Mansfield, Quiet Listings observed 43 new houses entering the market over the last 30 days, up from 7 during the previous 30-day period, with an average advertised asking price of $1,334,651. The property type mix of listed properties is predominantly Houses at 59%, followed by land (36%), and units (3%). The most active agency for houses in the Mansfield area is currently District Property Group, representing 63% of new listings, followed by Ray White with 16%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.