87 Sixteenth Street, Mildura VIC 3500
87 Sixteenth Street, Mildura VIC 3500
Established family house | larger-than-typical yard | school catchments close | strong rental interest | mixed street character
This property sits within a family-oriented pocket of Mildura where homes tend to offer more land than the standard suburban block, and that alone gives it a competitive edge. The configuration likely suits buyers wanting room to move, park vehicles, or add shedding without leaving the convenience of schools, shops, and the new sporting precinct nearby. It is best suited to a growing family or an investor looking for steady demand from tenants who value space and practical amenity over polished presentation. The street itself carries a mix of older and renovated homes, so a well-kept house here can stand out without needing to be the newest on the block.
Value may be shaped by how the land compares to the more common 500–700 m² blocks nearby, as larger allotments tend to command a premium for their flexibility. The age and condition of the dwelling could also influence price, particularly if the kitchen, bathroom, or heating and cooling systems are dated. A buyer might weigh the cost of updates against the benefit of securing a bigger yard in an established area, and the rental return could be stronger if the house presents well to families. The street’s uneven character means presentation and land size will likely matter more than the address itself.
|| Comparable Sales: 319 Sixteenth Street sold for $350,000 in late 2020; 276 Sixteenth Street traded around the mid-$500,000s in 2024 | Property Price Band: $500,000–$600,000 | Value Drivers: land size, dwelling condition, outdoor and shedding capacity
Detailed Independent Property Report prepared by PropCred Analyst team for 87 Sixteenth Street, Mildura VIC 3500
Checks found:
Value Risk
Liquidity Risk
1
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
Comparable Sales: 319 Sixteenth Street sold for $350,000 in late 2020; 276 Sixteenth Street traded around the mid-$500,000s in 2024 | Property Price Band: $500,000–$600,000 | Value Drivers: land size, dwelling condition, outdoor and shedding capacity
Bedrooms
3
Bathroom
2
Parking
2
Land
323m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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