Underbool, Ouyen, Walpeup: buyers swarm bargain homes near Mildura

29 Monash Ave, Underbool, has changed hands in a cash sale.

A house south of Mildura that went viral after being listed for the price of a luxury car has sold in a cheap-as-chips cash deal.

The three-bedroom house in Underbool, renowned as “the gateway to the Pink Lakes”, fetched $63,500 after accruing more than 20,000 views on realestate.com.au to be one of the site’s most popular listings in recent weeks. This was slightly above its $60,000 asking price.

Burns & Co Mildura agent Ian Miers said the substantial 1244sq m property at 29 Monash Ave attracted about eight offers before its sale to a buyer from Cann River in East Gippsland.

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A buyer from East Gippsland picked up 29 Monash Ave, Underbool.

The house, featuring an old slow-combustion stove worth thousands, attracted more than 20,000 views online.

“Fortunately he didn’t lose his house in the fires (earlier this year), but he wanted a second property in case that sort of thing happened again,” Mr Miers said.

“He’s also got friends in South Australia, just over the border not far from Underbool, so he’d like to live here a couple of months a year.

“It’s a good place to live, the Pink Lakes are quite an attraction.”

Underbool wasn’t the only Mildura-fringe town proving popular with out-of-town buyers, Mr Miers said.

5 Cregan Street, Walpeup, is now catching the attention of buyers.

Inside 5 Cregan Street, Walpeup.

He reported being “flooded with inquiries” for a five-bedroom house on 2000sq m of land at 5 Cregan Street, Walpeup, which had been listed for $95,000.

Not only did it offer an affordable asking price, but the property had a solar system that would allow whoever bought it to save on their power bill.

“We’ve got plenty of sun up here,” Mr Miers said.

Buyers were also “swarming all over” a three-bedroom weatherboard asking $75,950 at 7 Main Street, Speed.

Mr Miers said he was finding he couldn’t “get enough properties on the market” at the moment, with Melburnians increasingly forming part of the buyer pool for homes in the state’s northwest.

7 Main Street, Speed, is up for grabs for $75,950.

20 Fuller Street, Ouyen, recently sold for $73,500.

“Everyone wants to escape,” he said.

“The last three properties I sold in Ouyen were to buyers from Ringwood East, Hastings and San Remo, all Melbourne, and they were all going to be owner-occupiers.

“(One of the buyers) made it perfectly clear to me (COVID-19) is the reason he’s leaving, as he can now work from home more.”

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A Melbourne-based buyer snared 20 Gregory Street, Ouyen, for $90,000.

One of those homes, at 20 Fuller Street, sold for $73,500 and another, at 20 Gregory Street, for $90,000.

Mr Miers also recently transacted a couple of Ouyen shops for $85,000 in another cash deal.

But these sales aren’t even as affordable as it gets, with the agent also inking several sales for $40,000-$46,500 across Ouyen and Murryville.

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