20 Rosemont Avenue, Mildura VIC 3500
20 Rosemont Avenue, Mildura VIC 3500
3-bed 1-bath house | 697m² usable block | school-belt location | conventional older stock | value in land and position
This property is offered as a three-bedroom, one-bathroom family house on a mid-sized 697 square metre allotment in an established Mildura pocket. The configuration is recognised as the standard family floor plan that continues to attract steady owner-occupier and investor interest. The competitive strength is found not in a single stand-out feature but in the combination of usable land, a settled street setting, and close proximity to primary and secondary schooling. The house is best matched to young families and first-time buyers seeking a foothold in a well-served, older residential area, where the value is carried by the block and the position rather than by modern presentation.
Value may be shaped by the condition of the kitchen and bathroom, as period services could require updating that should be factored into an offer. The land-to-dwelling ratio might be regarded as supporting extension potential. Renovation quality in the street may be used as a benchmark, while a modestly presented house could still be viewed favourably if the floor plan is sound and the block is usable.
Detailed Independent Property Report prepared by PropCred Analyst team for 20 Rosemont Avenue, Mildura VIC 3500
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Mildura’s property market is tightening, with affordability relative to Melbourne drawing interstate investors and owner-occupiers. House prices rose 16-20% over the past year to a $525k-$571k median, selling in 15-18 days as supply-side constraints, including a small release pipeline, limit stock. Units grew 6.5-15.6% to $341k-$370k. Yields are solid at 4.9% for houses and 5.4-5.8% for units, with weekly rents of $490-$500 and $350-$400 respectively. Annual house sales volume is 843. The airport expansion and Langtree Avenue precinct revitalisation support future value, though limited new residential development raises long-term affordability concerns, alongside water security, agricultural sector health and tourism seasonality.
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PropCred Estimated Value
Comparable Sales: 188 Ontario Avenue at $380,000; 5/426-428 Eleventh Street at $650,000 | Property Price Band: $500K-$600K | Value Drivers: 697m² land, three-bed layout, school proximity
Bedrooms
3
Bathroom
1
Parking
-
Land
711m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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