498 Walnut Avenue

Mildura VIC 3500

327 m²

2994 m²

House

Currently for sale - view listing

Overview

Prime GRZ1 Potential Development Site

A commanding 2,994m² allotment zoned General Residential Zone 1 (GRZ1) and positioned on a main road, 498 Walnut Avenue presents a rare convergence of immediate income and long-term development upside. With no bushfire, flood, or heritage overlays detected, this is a clean, well-positioned landholding for developers and astute investors seeking to secure a foothold in one of Mildura's most established family pockets surrounded by active subdivisions and sustained residential demand. - 2,994m² GRZ1 main road landholding well suited to future residential subdivision (STCA), consistent with neighbouring development activity across the precinct - Secure holding income of $660 per week on a fixed lease to 28 July 2027 collect income while planning your next move - Clean title with no bushfire, flood, or heritage overlays detected straightforward planning prospects - Substantial 40m x 20m powered shed with concrete floor, lights, and electricity a significant standalone asset - Double lock-up garage with internal access - Blackwood kitchen cabinetry with modern appliances and ample storage - Master bedroom with walk-in robe and ensuite; three additional bedrooms with built-in robes (4th bedroom adaptable as study) - Formal lounge and dining with bay windows, plus separate informal living areas - Heating and cooling throughout; fully fenced and low-maintenance allotment