FOR SALE
Auction I 16th of January, 6PM

980-984 Fifteenth Street
Mildura VIC 3500

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 3662m2
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Auction Time
Thu 16 Jan 6:00 pm
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No upcoming inspections scheduled.
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The Brief: Prime 7-Lot Development Opportunity with Immediate Income Potential

Its Addressed:
Developers and investors, this is your golden opportunity to secure a versatile 3662 m² property in a prime location. With approved plans and permits for a 7-townhouse subdivision complete with architectural drawings, you can develop, rent, or sell the townhouses. Meanwhile, the existing 4-bedroom home offers immediate rental income or a quick sale to recoup capital.
Property Facts:
Land Area: 3662 m² with approved plans and permits for a 7-lot townhouse development
Residence: 4-bedroom, 2-bathroom home with solid rental potential
Living Spaces: Formal lounge, dining, and timber kitchen with granite benchtops
Outdoor Features: Large undercover entertainment area with pizza oven
Shed: Powered, concrete flooring, additional shower and toilet
Development Options: Subdivide and sell the home, develop all 7 lots, or mix and match
Why This Property Stands Out:
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Property Details for 980-984 Fifteenth St, Mildura

980-984 Fifteenth St, Mildura is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 3662m2. The place is currently for sale with AREA SPECIALIST KEYSBOROUGH.

Building Type
House
Land Size
3662m2

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About Mildura 3500

The size of Mildura is approximately 77.8 square kilometres. It has 54 parks covering nearly 4.2% of total area. The population of Mildura in 2011 was 30,647 people. By 2016 the population was 32,739 showing a population growth of 6.8% in the area during that time. The predominant age group in Mildura is 20-29 years. Households in Mildura are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mildura work in a professional occupation. In 2011, 59.6% of the homes in Mildura were owner-occupied compared with 58.1% in 2016.

Mildura has 20,163 properties. Over the last 5 years, Houses in Mildura have seen a 56.81% increase in median value, while Units have seen a 63.16% increase. As at 30 November 2024:

  • The median value for Houses in Mildura is $473,330 while the median value for Units is $306,157.
  • Houses have a median rent of $470 while Units have a median rent of $360.
There are currently 177 properties listed for sale, and 68 properties listed for rent in Mildura on OnTheHouse. According to CoreLogic's data, 932 properties were sold in the past 12 months in Mildura.

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Lukas Pedder
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Connor Aunger
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AREA SPECIALIST KEYSBOROUGH
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