447/449 Mingbool RoadMil Lel SA 5291
Property Details for 447/449 Mingbool Rd, Mil Lel
Last Listing description (February 2026)
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.
Opportunities like this are seldom seen on the market: four homes in one location, with strong income potential and future development options.
For more information or to arrange a private inspection, please contact Jason Malseed or Olivia Farmer.
Particulars:
PRICE RANGE - $900,000 - $1,200,000
Land Size: approximately 12,571 sqm
Council: District Council of Grant
Zoning: Rural - Ru
Council Rates: Approximately $10,500 p/a (All 4 houses)
Water Supply: Speak to agent regarding particulars
Sewerage: Septic speak to agent for particulars
Disclaimer The information contained here is gathered from a source that we believe to be reliable. However, we cannot guarantee its accuracy and do not accept any responsibility for its accuracy. All interested parties should rely on their own independent searches and Legal advice.
RLA 115603.
Property History for 447/449 Mingbool Rd, Mil Lel, SA 5291
- 12 Aug 2025Listed for Sale Contact Agent
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0About 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 1 properties. Over the last 5 years, Houses in Mil Lel have seen a 92.15% increase in median value. As at 31 March 2026:
- The median value for Houses in Mil Lel is $846,769.
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