323 Eleventh Street, Mildura VIC 3500

323 Eleventh Street, Mildura VIC 3500
Renovated central Mildura house | 662sqm block with subdivision potential | Sold 2023, refreshed since | Strong family location near CBD and schools This property offers a rare combination of a fully modernised interior and a generous 662sqm block in a central Mildura position, giving a buyer immediate liveability plus medium-term optionality. The renovation is comprehensive and recent, meaning no capital outlay for upgrades and a clean, low-maintenance footprint that suits families or professionals wanting to lock and leave. Its location near quality schooling and the CBD supports strong ongoing demand, and the land size—flagged previously for two-lot subdivision—adds a strategic layer that most comparable renovated homes lack. This serves best a buyer seeking a turnkey home with latent development upside rather than a pure renovation project. The primary risk is that the subdivision potential remains unconfirmed and subject to council approval, so the land value premium is speculative until plans are lodged. The 2023 sale price and current estimate around $630,000 suggest limited short-term capital growth unless the market lifts or the subdivision is realised. However, the property’s central positioning and renovated condition underpin rental demand, making it a solid hold for income while the owner explores subdivision feasibility. Use this as a well-located family home first, with a watching brief on council policy for dual-occupancy approvals in the area.
Detailed Independent Property Report prepared  by PropCred Analyst team for 323 Eleventh Street, Mildura VIC 3500
Checks found:
Value Risk ✕ 2
Liquidity Risk ✓
Planning Risk ✕ 2
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

2

Parking

2

Land

660m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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