32 Wills Street, Wangaratta VIC 3677

1950s brick home | 538sqm block | dual bathroom potential | school zone positioning This property’s competitive advantage lies in its land-to-building ratio and configuration flexibility. The 538sqm lot with a 242sqm footprint allows for future extension or subdivision potential, while the dual bathroom setup (noted in current data) adds immediate livability for families. Its zoning for Yarrunga Primary and Wangaratta High School strengthens demand from owner-occupiers seeking established school catchment. The absence of bushfire, flood, or heritage overlays reduces due diligence risk. This house best suits a buyer wanting a solid 1950s structure with scope to add value through cosmetic updates or a rear extension, rather than a turnkey purchase. The primary risk is the discrepancy in bedroom count—some records show four bedrooms and one bathroom, which may affect financing or resale clarity. The 2022 purchase price of $365,000 against the current $526,000 estimate suggests the market has already priced in recent gains, leaving limited short-term arbitrage. However, the rental estimate of $505 per week implies a gross yield near 5%, viable for a buy-and-hold investor. The NBN FTTN and 5G coverage are functional but not premium. Hold this property for its land value and school catchment appreciation; avoid overcapitalizing on finishes.