106 Wigg Street Wodonga VIC 3690

3-bedroom house | 553sqm block | tenanted until July 2026 | near Wodonga CBD The buying case rests on a rare combination: a solid three-bedroom house on a manageable 553sqm block, already tenanted at $470 per week with upside to $500, and positioned close to Wodonga’s CBD and schools. For an investor seeking immediate yield and low vacancy risk, the existing lease provides cash flow certainty through mid-2026. The detached garage with workshop adds practical appeal, while ducted heating and cooling and low-maintenance gardens reduce ongoing outlay. This property suits a passive investor who values secure income over short-term capital gain. The primary risk is the valuation gap: the agent’s $569,000 sits well above independent estimates of $527,000–$530,000, meaning the buyer must negotiate hard or accept negative equity at purchase. The tenancy locks in below-market rent until 2026, capping income growth for two years. No bushfire, flood, or heritage overlays reduce insurance and compliance costs. The opportunity is to acquire a turnkey rental in a regional centre with steady demand; hold for the lease term, then reassess for owner-occupation or rent reset.