447, 449, Mingbool Road, Mil Lel, SA 5291 | Rural for sale | OnTheHouse
 
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447, 449, Mingbool Road
Mil Lel SA 5291

Bedrooms: 15
Bathrooms: 5
Car spaces: 3
Land area: 12571m2
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EXCEPTIONAL INVESTMENT OPPORTUNITY – FOUR HOMES + LAND BLOCK -ONE LOCATION

Malseeds Real Estate is pleased to present an exceptional and unique investment opportunity: four individual homes - 447, 449, 451, and 453 Mingbool Road, Mil-Lel plus a substantial rear block of land. This rare offering totals approximately 12,571sqm, combining a 5,226sqm (approx.) allotment with 4x Mount Gambier Limestone homes and a separate 7,345sqm (approx.) vacant landholding.
Each of the four solid limestone dwellings boasts its own character and functional layout, presenting strong rental potential and the flexibility of multiple income streams. Whether you're a savvy investor seeking to grow your portfolio or a buyer in search of a multi-dwelling lifestyle opportunity, this property is as versatile as it is valuable.
Each home offers strong income-generating potential, with further opportunity to add value through renovations or future development (STCA). The solid limestone construction ensures lasting appeal.
Home Block Comprising of:
- 447 Mingbool Road - 3/4 bedrooms - 1 bathroom - 1 car garage
- 449 Mingbool Road - 3/4 bedrooms - 1 bathroom - 1 car garage
- 451 Mingbool Road - 3 bedrooms - 1 bathroom - 1 car garage
- 453 Mingbool Road - 3/4 bedrooms - 2 bathrooms - 1 car garage
The expansive rear block provides a blank canvas for additional possibilities (STCA).
Conveniently located just a short drive from Mount Gambier, this tightly held pocket of Mil-Lel combines the serenity of rural living with proximity to urban amenities-an attractive proposition for tenants and investors alike.
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Property Details for 447, 449, Mingbool Rd, Mil Lel, SA 5291

Building Type
Rural
Land Size
12571m2
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About Mil Lel 5291

The size of Mil Lel is approximately 70.3 square kilometres. It has 2 parks covering nearly 13.0% of total area. The population of Mil Lel in 2016 was 368 people. By 2021 the population was 382 showing a population growth of 3.8% in the area during that time. The predominant age group in Mil Lel is 40-49 years. Households in Mil Lel are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mil Lel work in a managers occupation.In 2021, 91.10% of the homes in Mil Lel were owner-occupied compared with 82.10% in 2016.

Mil Lel has 2 properties. Over the last 5 years, Houses in Mil Lel have seen a 65.42% increase in median value. As at 31 October 2025:

  • The median value for Houses in Mil Lel is $729,220.
There are currently 1 property listed for sale, and no properties listed for rent in Mil lel on OnTheHouse. According to Cotality's data, no properties were sold in the past 12 months in Mil lel.

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Jason Malseed
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Olivia Farmer
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Malseeds Real Estate
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