2/280 San Mateo Avenue, Mildura VIC 3500
2/280 San Mateo Avenue, Mildura VIC 3500
ground-level unit | central Mildura | investor demand | solar and courtyard | 1982 build
Practicality is offered by this ground-level unit within a small established cluster, with secure parking and a private courtyard included. A central Mildura position is supported by easy access to shops, transport, and schools, giving it broad appeal. An older stock profile is indicated by the 1982 construction, but solar panels and split-system heating are included, positioning it above basic investor-grade product. First-home buyers are served well by its manageable entry point, while investors are attracted to consistent rental demand. A compact size is seen as its main limitation, yet a functional, low-maintenance option is retained in a street with a mix of family homes and units.
The unit’s value may be most affected by condition and orientation, as neither is fully documented. A well-maintained interior with updated fixtures could be expected to attract a premium, while deferred maintenance might cap price growth. Dependable income potential is suggested by the active rental market. Its smaller footprint may limit appreciation, though central location and low upkeep are considered value props.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/280 San Mateo Avenue, Mildura VIC 3500
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
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
Comparable Sales: 2/207 San Mateo Ave unit sold for $310,000; 628 San Mateo Ave house sold for $480,000 | Property Price Band: $300,000–$400,000 | Value Drivers: condition, central location, unit layout
Bedrooms
2
Bathroom
1
Parking
1
Land
113m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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