256 San Mateo Avenue, Mildura VIC 3500

original condition | central Mildura | large 624sqm block | suited to first buyer or investor The buying case rests on the block size and location. A 624sqm parcel in central Mildura with no overlay constraints is increasingly rare at this price point, giving a buyer immediate land-value leverage. The original condition, while dated, means no premium has been paid for someone else’s renovations, and the generous yard offers scope to add value through landscaping or a future extension. The property is best suited to a first home buyer seeking affordable entry into a solid location, or an investor targeting steady rental demand near established infrastructure. The principal risk is the condition: after 27 years of single ownership, the house likely needs updating to kitchen, bathroom, and possibly roofing or wiring, which will require capital and time. This cost must be factored into any offer below the top of the range. The opportunity is to acquire a well-positioned block at a discount to replacement cost, then hold for land appreciation while making staged improvements. Use the property as a long-term hold, improving only when cash flow allows.