Back 2/11 Leonard St
Off Market

2/11 Leonard St

Mildura VIC 3500

2
1
1
203 m²
Unit
Justin GroganJustin Grogan, last sold this property on 24 November 2019 after 305 days on market.

Overview

Potential for 8%+ yield!

This 2 bedroom unit presents a fantastic opportunity to get your teeth into the investment market. Just leased at $200 per week on a 12 month lease from July 2019, will represent a return around 8% on this solid little renter. This property is low maintenance and has been updated so there is little to do than sit back and watch the rent roll in. Both bedrooms are double sized and complete with built in robes, with open plan lounge room and kitchen to match, you will be impressed with the openness of this unit, externally a large private yard and private parkland just behind the unit block. Invest today and prosper tomorrow....

Features

2 bedrooms
1 bathroom
1 carspace
203 m² lot size
Unit

Estimated Value

Based on this property and similar 2 bedroom units sold in Mildura over the last 12 months, the estimated median property value of 2/11 Leonard St is $306k.

Median value
$306k
Estimated value range
$199k - $470k
Median days on market
37
Estimated value trend
6%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Mildura. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 2/11 Leonard St

2019
Sold
Undisclosed
Private Sale/Treaty on 24 Nov 2019 by Justin Grogan, of Tierney Real Estate
2019
Rented
Undisclosed
Leased on 05 May 2019 by Tierney Real Estate

Happy sellers in Mildura

88%
88% of sellers in Mildura reported that their sale price either exceeded or met their price expectations.

Mildura stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 32 reviews in Mildura over the last 12 months.

Local market activity for 2 bedroom units in Mildura

In the last 12 months, 53 two-bedroom units similar to 2/11 Leonard St, have been sold.

This represents a 27% increase in two-bedroom units sales when compared to the previous 12 months.

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