218 Woodham Avenue, Mildura VIC 3500
218 Woodham Avenue, Mildura VIC 3500
3 bed, 2 bath, 5 cars, large block | Refurbished with accessible ensuite | Currently tenanted at $420 per week | Flexible living spaces and sunroom
This property is competitively positioned as a versatile and income-ready house on a substantial block in Mildura. The refurbished finish and wheelchair-accessible ensuite distinguish it from standard stock, appealing to buyers needing adaptable living or mobility-friendly design. The multiple living areas, study, and sunroom offer rare flexibility, serving investors seeking immediate rental return or owner-occupiers requiring extra space for a home office or multigenerational use. High car capacity and proximity to shops and transport strengthen its broad demand profile.
The value of this house may be materially influenced by the conflicting land sizes reported, as a smaller site could reduce development potential or outdoor utility. The lack of confirmed building age and aspect means condition or orientation could affect long-term livability or renovation costs. The existing tenancy at $420 per week provides income certainty, but the fixed lease may limit immediate owner-occupier access. These factors should be weighed when forming a view on price.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 218 Woodham Avenue, Mildura VIC 3500
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.