1-9 Ninth StreetMildura VIC 3500
Property Details for 1-9 Ninth St, Mildura
1-9 Ninth St, Mildura is a 6 bedroom, 4 bathroom Unit with 4 parking spaces. The property has a land size of 492m2. While the property is not currently for sale or for rent, it was last sold in June 2015.
Last Listing description (October 2024)
Discover the potential of Mildura's real estate market with this exceptional investment opportunity. Located on the west side of Mildura 245 Ninth St presents a collection of four well-maintained brick units, offering a blend of steady income and growth potential that astute investors seek.
Comprising two 2-bedroom and two 1-bedroom units, each property is individually titled, providing flexibility and options for your investment strategy. Currently generating a total annual income of $54,860, these units are rented at competitive rates ($270, $250, $255, and $280 per week), reflecting their strong appeal in the rental market.
While the units stand as a testament to solid, low-maintenance construction, there's ample room for enhancement. Investors have the unique opportunity to further improve and modernize these dwellings to increase rental yields or opt to maintain the current setup for a "set and forget" investment that continues to perform.
Located in a desirable west side location of Mildura, these units are not just buildings; they represent a gateway to financial growth and stability. With their strategic position, they offer easy access to local amenities, enhancing their attractiveness to potential tenants and ensuring a consistent demand.
Investing in 245 Ninth Street means securing a piece of Mildura's thriving rental market, where the potential for capital growth and rental income go hand in hand. This is more than an investment in property; it's an investment in the future.
Property History for 1-9 Ninth St, Mildura, VIC 3500
- 22 Jul 2024Listed for Sale Undisclosed
- 04 Apr 2024Listed for Sale $720,000 - $780,000
- 10 Dec 2020Listed for Rent $26,000 / year
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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 20,108 properties. Over the last 5 years, Houses in Mildura have seen a 58.09% increase in median value, while Units have seen a 46.82% increase. As at 31 October 2024:
- The median value for Houses in Mildura is $467,073 while the median value for Units is $284,993.
- Houses have a median rent of $460 while Units have a median rent of $350.
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