1/45 Leicester Street, Mildura VIC 3500
1/45 Leicester Street, Mildura VIC 3500
Unit in west-Mildura pocket | Strata-title low-maintenance layout | Near golf, river, and parks | Strong fit for first-home or downsizer | Compact but practical
The unit is considered well situated within Mildura’s west-side residential market, where the surrounding streets are generally known for their low-maintenance appeal and easy access to the Murray River, the golf resort, and public parks. Its strata-style configuration is seen as a practical alternative to detached housing, offering a lower-maintenance commitment that is likely to suit first-home buyers, downsizers, and investors looking for a straightforward entry into a popular part of town. The property’s compact form is expected to be valued for its efficiency and ease of ownership, making it a competitive choice for those who prefer location and convenience over large private grounds.
Value may hinge on internal condition, particularly kitchen and bathroom age, as well as natural light through the dwelling. Position within the complex might affect privacy and noise, while the level of strata fees or shared maintenance costs could be decisive. Recent updates and presentation may support a price near the higher end of expectations.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/45 Leicester Street, Mildura VIC 3500
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
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: 64 Leicester Street sold at $561,101; 36 Leicester Street sold near $558,000 | Listed Price Band: $500,000-$600,000 | Value Indicator: condition, layout, and location within the complex
Bedrooms
3
Bathroom
2
Parking
2
Land
2163m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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