8 Merlot CourtMildura VIC 3500
Property Details for 8 Merlot Ct, Mildura
8 Merlot Ct, Mildura is a 3 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 451m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 3 bedroom House sold in Mildura in the last 12 months.
Last Listing description (February 2024)
On offer is this exceptional investment opportunity in the heart of a convenient location, with a price range sure to impress first home buyers, investors or those looking to downsize. This immaculate brick house, positioned on a 451m2 block, offers comfort and functionality.
Boasting three bedrooms, two bathrooms, and a double car garage, this residence is tailored to suit a young couple or growing family. The property features a 3x3m garden shed, ensuring ample storage space. With gas heating and evaporative cooling, tenants will enjoy year-round comfort.
The expansive living area seamlessly integrates with an open-plan kitchen and dining space, creating a welcoming atmosphere. The neutral color palette and Venetian blinds add a touch of sophistication.
Located within walking distance to St. Pauls Primary school, and just a short drive to supermarkets, Centro and all other major amenities. Investors will be pleased with the rental potential, as the property commands a strong appraisal of $400-$420 per week.
The grassed yard and undercover patio area enhance the outdoor appeal, providing a perfect setting for relaxation.
Don't miss the chance to add this high-yield property to your investment portfolio.
Property History for 8 Merlot Ct, Mildura, VIC 3500
- 31 Jan 2024Sold for $418,000
- 18 Jan 2024Listed for Sale $380,000 - $418,000
- 06 Aug 2019Sold for $278,500
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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 20,112 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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