1-4/44 Chaffey AvenueMildura VIC 3500
Property Details for 1-4/44 Chaffey Ave, Mildura
1-4/44 Chaffey Ave, Mildura is a 9 bedroom, 4 bathroom Unit with 6 parking spaces.
Last Listing description (September 2021)
Unique opportunity exists for the astute investor with Mildura's CBD literally at your doorstep.
Comprising 4 solid brick units partly rendered internally, all in very good condition, recently painted , new carpets, complete with all amenities for today's living, externally spacious private rear yard for privacy, all within a short stroll to town centre, river, supermarkets and arts precinct.
Sitting on COLLEGE LEASE land with 1 full time tenancy in place, there a further 3 x 2 Bedroom fully furnished Apartments currently used for inner city holiday accommodation known as Mildura Holiday Apartments , listed on accommodation provider booking.com , starting from $130 Per night for Holiday Accommodation, or can be used for short/Long term stays at an adv $500 Per Week, this flexible investment will show good returns or great returns depending how you want to drive it.
Permanent Rental Approach
UNIT 1 x 3-bedroom Unit (Currently Tenanted to May 2021 at $285pw, $14,820 PA)
UNIT 2 x 2-bedroom Unit (Expected rental $260 PW, $13,520 PA)
UNIT 3 x 2-bedroom Unit (Expected rental $260 PW, $13,520 PA)
UNIT 4 x 2-bedroom Unit and Shed (Expected rental $265 PW, $13,780 PA)
Estimated Gross Rental $ 55,640 PA
Total Expenses $16,265.51 PA
Comprising of,
College Lease $9,000 PA.
Mildura Rural City Council Rates $ 5717.35
Lower Murray Water $ 1547.75 PA, includes usage
Property History for 1-4/44 Chaffey Ave, Mildura, VIC 3500
- 05 Nov 2020Listed for Sale UNDER CONTRACT
Recent sales nearby
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0About Mildura 3500
The size of Mildura is approximately 77.8 square kilometres. It has 54 parks covering nearly 4.2% of total area. The population of Mildura in 2016 was 32738 people. By 2021 the population was 34565 showing a population growth of 5.6% in the area during that time. The predominant age group in Mildura is 30-39 years. Households in Mildura are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mildura work in a professional occupation.In 2021, 58.60% of the homes in Mildura were owner-occupied compared with 58.10% in 2016.
Mildura has 20,948 properties. Over the last 5 years, Houses in Mildura have seen a 68.93% increase in median value, while Units have seen a 67.83% increase. As at 31 January 2026:
- The median value for Houses in Mildura is $604,287 while the median value for Units is $354,898.
- Houses have a median rent of $495 while Units have a median rent of $400.
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