Positioned in a convenient location in Central Wodonga, this versatile property offers an outstanding opportunity for investors, extended families or those seeking additional income from a second dwelling.
Set on a generous 656m² allotment, the property comprises a character-filled 1940s weatherboard home complemented by a separate one-bedroom unit at the rear providing flexibility, privacy and the potential for a combined rental return of approximately $750 per week.
The main residence retains plenty of its original charm, offering three bedrooms, a central bathroom and comfortable living spaces enhanced by polished timber floorboards and a traditional fireplace. The spacious dining area provides plenty of room for family meals, while a split-system air conditioner in the lounge ensures year-round comfort.
At the rear, the separate one-bedroom unit provides an excellent second income stream, independent accommodation for an elderly family member or the perfect space for guests. The exceptionally large bedroom has two separate entrances and could potentially be divided to create two bedrooms, subject to the necessary approvals. Recently painted throughout, the unit also features an updated galley kitchen, split-system heating and cooling, a covered alfresco area and its own carport with dedicated driveway access.
Adding further appeal, the property backs directly onto a park and playground, with a private gate providing convenient access an especially attractive feature for families and tenants alike.
Recent improvements include a new roof, eaves and guttering, together with a renovated laundry, while the separately fenced rear yards provide privacy and security for both dwellings.
Property Highlights
Two separate dwellings offering genuine dual-income potential
Main residence with 3 bedrooms and 1 bathroom
Separate rear 1-bedroom unit
Approx. $750 per week combined rental potential
Polished timber floorboards and original fireplace
Split-system heating and cooling
Updated galley kitchen to rear unit
Covered alfresco and separate carport
Dedicated driveway access to rear dwelling
Separately fenced and secure rear yards
Direct private-gate access to adjoining park and playground
Central Wodonga location, within easy walking distance of shops, restaurants and everyday amenities
Scope to further renovate, improve and build equity
Potential gross rental yield of up to approximately 6%
Whether you're looking to strengthen your investment portfolio, accommodate extended family or take advantage of the property's future potential, this is an opportunity that offers versatility, location and two income streams in one well-positioned holding.
With its combination of dual-dwelling flexibility, solid rental potential and scope for further improvement, this property deserves serious consideration.
Note: Some images have been virtually styled
