124 Thirteenth StreetMildura VIC 3500
Property Details for 124 Thirteenth St, Mildura
124 Thirteenth St, Mildura is a 8 bedroom, 4 bathroom Unit with 4 parking spaces. The property has a land size of 871m2. While the property is not currently for sale or for rent, it was last sold in May 2016.
Last Listing description (August 2016)
4 X 2 bed units in a very convenient location just off Deakin Avenue, is this unique investment package for your consideration. With a supermarket and shops almost next door, life for tenants is very easy in this sound double brick block of units. Priced for a quick sale the units comprise of 2 bedrooms with open plan living, kitchen, and meals areas. Very solid construction and recently renovated the property offers a return of $48,360 per annum... that's over 8%! While interest rates are so low, a true cash flow positive property from day one is possible. With a full maintenance review completed this year, easy care exterior and each unit with its own car parking space in a location hard to match, this is truly an opportunity not to be missed. Three units have been fully renovated to maximise rental returns. One unit has been upgraded in recent years and is happily tenanted, but rent could be increased with further work.
High yielding investment opportunities such as this are hard to come by. Enquire today!
Property History for 124 Thirteenth St, Mildura, VIC 3500
- 18 May 2016Sold for $591,000
- 05 May 2016Listed for Sale $570,000 - $630,000
- 27 Oct 2015Sold for $430,000
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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 20,107 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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