253 Cureton Avenue, Mildura VIC 3500

253 Cureton Avenue, Mildura VIC 3500
Prime riverfront location | Large 907m² lot with subdivision potential | Rare two-storey brick home | Strong rental demand | Views over park and river This property presents a compelling opportunity based on its superior land size and premier position. A 907m² allotment in this riverfront precinct is significantly larger than typical local holdings, offering tangible scarcity value. The two-storey, solid brick construction with a self-contained downstairs residence creates clear versatility, serving either a large family, a multi-generational household, or an investor seeking dual-income potential. Its proximity to the park, river walks, and the city heart embeds enduring lifestyle appeal that underpins long-term demand. Proceed with the understanding that its premium asking price reflects these advantages and requires validation through a building inspection, given the construction era prior to 1979. The absence of overlay risks is a positive. The commercial logic lies in the land’s subdivision potential or a strategic renovation to modernize the interiors. This is a property to hold for capital growth driven by its irreplaceable location, best utilized as a long-term family home with inherent flexibility or a value-add investment.

Independent, Unbiased Research from  our PropCred Analyst team 

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.

PropCred Estimated Value

Bedrooms

Bathroom

Parking

3

Land

907m²

Built

Recent Assessments