403-429 Eleventh Street, Mildura, VIC 3500 | Property Value & History | OnTheHouse
OFF MARKET

403-429 Eleventh Street
Mildura VIC 3500

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 20548m2
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Property Details for 403-429 Eleventh St, Mildura

Building Type
Land
Land Size
20548m2
Local Government
Mildura
Lot/Plan
1/TP742458

Last Listing description (June 2023)

This could be Mildura's best development opportunity on offer right now!

Being offered for sale for the first time in over 80 years is just over 5 acres, on 2 titles of prime residential land in a sensational location.

The property includes the original 1940s homestead and iconic Mildura Puppetry Centre on approximately 3/4 acre with cleared land making up the remainder of the property.

Allowing for the dwellings to stay provides a proposed 30 lot plan of sub-division or a concept plan for an ecologically responsible development - both plans available on request.

Alternatively, the dwelling could be removed to allow further subdivision potential or full use of the 5 acres if required.

In addition to sub-division potential the site also provides opportunities for multiple other uses (STCA) including but not limited to: Medical facilities, community care facility, place of worship, aged care facility.

THE PROPERTY IS BEING OFFERED FOR SALE BY WAY OF EXPRESSIONS OF INTEREST CLOSING 5 PM TUESDAY 15TH NOVEMBER 2022 (Unless sold prior).

The vendors are open to multiple sale options including splitting the 2 lots or even the possibility of subdividing off the homestead and puppet studio, particularly if there is interest to retain the dwelling and take on the Mildura Puppetry Centre as a going concern complete with the thousands of historic puppets. (Further details of the puppets available on request.)

Contact Naomi Darby on 0428236480
for more details or to obtain Vendor Statement, Information Memorandum and EOI form.

Outgoings:
Water rates - $87 per quarter
Council rates - $6,403 per annum

Property History for 403-429 Eleventh St, Mildura, VIC 3500

A timeline of how this property has performed in the market
Last Sold
$2,300,000
21 Nov 2022
  • 16 May 2023
    Listed for Sale Under Contract
  • 21 Nov 2022
    Sold for $2,300,000
  • 11 Oct 2022
    Listed for Sale Under Contract
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About Mildura 3500

The size of Mildura is approximately 77.8 square kilometres. There are 54 parks, covering nearly 4.2% of the 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 21,020 properties. Over the last 5 years, Houses in Mildura have seen a 60.04% increase in median value, while Units have seen a 69.58% increase. As at 31 July 2026:

  • The median value for Houses in Mildura is $607,849 while the median value for Units is $373,397.
  • Houses have a median rent of $520 while Units have a median rent of $393.
There are currently 223 properties listed for sale, and 80 properties listed for rent in Mildura on OnTheHouse. According to Cotality's data, 1284 properties were sold in the past 12 months in Mildura.

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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.