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Sold on 15 Oct 2024 for $390,000

559 Eleventh Street
Mildura VIC 3500

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 2718m2
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Property Details for 559 Eleventh St, Mildura

559 Eleventh St, Mildura is a 2 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 2718m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 2 bedroom House sold in Mildura in the last 12 months.

Building Type
House
Land Size
2718m2
Local Government
Mildura
Lot/Plan
1/LP84027

Last Listing description (October 2024)

Set on an expansive 2,718m² block, this property offers exceptional potential in a prime Mildura location. While the existing two-bedroom, one-bathroom home is in need of significant renovation, it's the land that steals the spotlight. With built-in robes in both bedrooms and a handy shed for extra storage, there's room for improvement-or for something entirely new.

Perfectly positioned near Park of Play and Aero Ovals, this property offers a fantastic opportunity for development (STCA), an investment, or a complete rebuild. Take advantage of the large block size to create your dream home or explore the possibilities of subdividing (subject to council approval).

The property is fully serviced and offers a rental appraisal of $350 per week, making it a practical option for investors looking to landbank while earning some rental income.

This is a great opportunity to secure a large block of land in a convenient Mildura location.

Property History for 559 Eleventh St, Mildura, VIC 3500

A timeline of how this property has performed in the market
Last Sold
$390,000
15 Oct 2024
Listed for Rent
$185/w
06 Jul 2006
  • 15 Oct 2024
    Sold for $390,000
  • 11 Sep 2024
    Listed for Sale $350,000 - $385,000
  • 24 May 2006
    Listed for Rent - Price not available
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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.
There are currently 199 properties listed for sale, and 74 properties listed for rent in Mildura on OnTheHouse. According to CoreLogic's data, 873 properties were sold in the past 12 months in Mildura.

Suburb Insights for Mildura 3500

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Dallas Holmes
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Barry Plant - Mildura
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.