198 San Mateo Avenue, Mildura VIC 3500
198 San Mateo Avenue, Mildura VIC 3500
Entry-level house on a high-value street | Mildura’s strong owner-occupier market | Price gap to street median suggests upside
The property is positioned as an entry-level opportunity on a street where recent listings exceed $700,000, which gives a buyer less common configurational leverage in a suburb with 61% owner-occupancy. The three-bedroom, two-bathroom layout with a single car space suits first-home buyers or investors targeting stable regional demand, and the residential zoning supports long-term holding. The floor plans and virtual tours available indicate a transparent selling process, reducing due-diligence friction.
The absence of historical sales data and tenancy details introduces valuation risk, meaning a buyer should rely on the listed price guide and street comparables alone. The $350,000–$385,000 range sits well below the only known street comparable, but without recent transaction evidence, that gap may reflect condition or location differences rather than pure opportunity. Before an offer is made, the detailed report should test the valuation, comparable sales, rental evidence and site-specific risks rather than relying on the headline features alone.
Detailed Independent Property Report prepared by PropCred Analyst team for 198 San Mateo Avenue, Mildura VIC 3500
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
1
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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
Bedrooms
3
Bathroom
-
Parking
-
Land
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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