304 Eighth Street, Mildura VIC 3500

Renovated 1989 home | 760m² large block | No overlays | Strong yield position | Mildura West location This property presents a competitively strong proposition due to its renovated condition on a significantly larger-than-typical block with no development constraints, a rare combination in the current market. The modernised three-bedroom home on 760m² offers immediate occupancy appeal and land bank potential, serving an owner-occupier seeking space or an investor targeting the family rental segment. Its estimated rental yield sits above the suburb median, indicating efficient capital deployment. Proceed with the understanding that its value is premised on recent renovations; verify the quality and scope of works. The substantial price growth since 2018 necessitates a current valuation to anchor your offer. This property justifies a hold strategy for 5-7 years to absorb further suburb growth, with its configuration supporting either stable tenancy or future value-add through subdivision, subject to council due diligence. Recent comparable sales data is limited, with only general references to sales within a 3km radius. The last direct sale of this property was in April 2018 for $240,000, which is no longer a relevant benchmark given the market’s 15.9% growth in the past year alone. This lack of precise, recent comparables requires you to rely more heavily on professional valuation and the property’s inherent features versus direct sales evidence.