14 Le Amon Avenue Mildura VIC 3500

1955 concrete home | 657 sqm land | 19% coverage | single bathroom | investor leaseback offered This property presents a clear value proposition through its substantial, under-utilised land parcel in a practical Mildura location. The low building coverage and solid concrete construction create a foundation for expansion or renovation, positioning it for a buyer seeking a footprint to improve. It serves an investor seeking immediate yield with the offered leaseback, or a first home buyer comfortable with an older layout. The reliable rental demand and absence of overlays reduce fundamental holding risks. The primary cost is functional obsolescence from the single bathroom and below-average floor area, which caps near-term capital growth and rental appeal against modern stock. The opportunity requires capital expenditure to realign the house with land value. Acquire as a hold-for-renovate play or a straightforward rental; its solid condition permits deferred investment. A Propcred report would pressure-test the agent’s valuation against true comparable sales, detail locality-specific insurance exposures, and verify council permissions for any extension.