16/145 Riverside Avenue, Mildura VIC 3500
16/145 Riverside Avenue, Mildura VIC 3500
3-bed unit | 2-car parking rare | sold below recent ask | central Mildura complex
This property presents a competitively positioned unit in a well-regarded Mildura complex, where the standout feature is the two-car parkingโunusually generous for a three-bedroom unit and a genuine advantage for owner-occupiers or tenants with vehicles. The configuration, with a master walk-in robe and bay window, suggests a layout that punches above its price point for liveability. It suits downsizers seeking single-level ease, first-home buyers wanting a foothold without a standalone house price, or investors targeting a low-maintenance holding in a regional market with steady demand.
The single bathroom is the primary limitation, narrowing appeal for families or sharers, and the unit sits within a managed complex where strata fees and rules applyโthese should be verified for cost or restrictions on pets or leasing. The 2024 sale price of $382,000, well below the earlier listing range, indicates either a motivated vendor or condition issues worth inspecting. For a buyer, this property works best as a hold for rental yield or as a long-term home where parking and location outweigh the bathroom count.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 16/145 Riverside Avenue, Mildura VIC 3500
Market Insight:
Mildura presents a compelling regional investment case, driven by strong affordability relative to Melbourne which is attracting a mix of owner-occupiers and interstate investors. The market is characterised by robust price growth across housing types, with houses appreciating notably faster than units. Demand is further intensified by significant supply constraints and a revitalising CBD, though longer-term affordability and regional economic dependencies remain key considerations for future performance.