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Sold on 26 Aug 2024 for $420,000

64 Magnolia Avenue
Mildura VIC 3500

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Land area: 615m2
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Property Details for 64 Magnolia Ave, Mildura

64 Magnolia Ave, Mildura is a 3 bedroom, 1 bathroom House. The property has a land size of 615m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 3 bedroom House sold in Mildura in the last 12 months.

Building Type
House
Land Size
615m2
Local Government
Mildura
Lot/Plan
1/LP23884

Last Listing description (August 2024)

64 Magnolia Avenue presents an exceptional opportunity for first home investors seeking a blend of comfort and potential. This charming house sits on a generous plot of 615 square metres, offering ample outdoor space.

The residence features three well-appointed bedrooms, each equipped with built-in robes, ensuring a streamlined and organised living experience. A modern bathroom services the home, boasting quality fittings and a design that maximises both style and functionality.

The heart of this home is the inviting living & dining area, complemented by split system air conditioning, ensuring a comfortable environment all year round. The fully equipped kitchen boasts an induction cooktop, double drawer dishwasher and island bench, catering to those with a penchant for culinary endeavours.

A well maintained backyard offers a sizeable 6x6 shed and an additional 3x3 garden shed, providing ample storage solutions or the possibility of creating a workshop or hobby space. With two parking spaces, vehicle storage is conveniently taken care of.

Investors will be pleased with the rental appraisal indicating a weekly return of $420 - $440, demonstrating the property's excellent potential for income generation.

64 Magnolia Avenue is a must-see for anyone looking to secure a solid foundation in the property market. Offering both immediate livability and scope for future personal touches, this is an address that promises to be a wise investment for the astute buyer.

Property History for 64 Magnolia Ave, Mildura, VIC 3500

A timeline of how this property has performed in the market
Last Sold
$420,000
26 Aug 2024
  • 26 Aug 2024
    Sold for $420,000
  • 18 Jul 2024
    Listed for Sale $399,000 - $438,000
  • 29 Jan 2022
    Transferred
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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 20,045 properties. Over the last 5 years, Houses in Mildura have seen a 57.97% increase in median value, while Units have seen a 60.40% increase. As at 30 September 2024:

  • The median value for Houses in Mildura is $464,005 while the median value for Units is $293,987.
  • Houses have a median rent of $450 while Units have a median rent of $350.
There are currently 200 properties listed for sale, and 55 properties listed for rent in Mildura on OnTheHouse. According to CoreLogic's data, 847 properties were sold in the past 12 months in Mildura.

Suburb Insights for Mildura 3500

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Peter Zara
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Damian Portaro
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Ray White Mildura
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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.