1/12 Eileen Street, Mildura VIC 3500
1/12 Eileen Street, Mildura VIC 3500
Compact two-bedroom unit | low-maintenance footprint | active rental demand | 314 sqm land holding | mainstream suburban setting
This unit is well positioned in a market where compact dwellings trade quickly. The two-bedroom layout with two car spaces is seen as practical for first-home buyers and investors who favour low-maintenance living. A 314 sqm land holding is generous for unit stock and provides a degree of separation between dwellings, which is not common in this segment. The property sits in a residential zone with school catchments for Mildura South Primary School and Mildura Senior College, adding to its appeal for owner-occupiers and tenants alike. It is best suited to buyers looking for an affordable entry point with solid rental potential, rather than those seeking a prestige address.
Internal condition and presentation may influence the final price more than any other factor. The absence of heritage, bushfire, and flood overlays might reduce planning friction, while the residential zoning supports straightforward occupation. A weekly rental estimate of around $370 could be viewed as solid for the property type, though body-corporate fees and building age might affect holding costs. The unit’s level within the complex may also shape buyer demand, and that should be weighed carefully when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/12 Eileen Street, Mildura VIC 3500
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
2
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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.
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PropCred Estimated Value
Comparable Sales: 114 Eleventh Street sold $440,000; 348 Eleventh Street sold $442,000 | Property Price Band: $300K–$400K | Value Drivers: internal condition, land size, layout
Bedrooms
2
Bathroom
1
Parking
1
Land
228m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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