86 Bennett Road Horsham VIC 3400

renovated 3-bed house | Horsham West | 674sqm GRZ lot | near schools and river | current listing $449k The property presents a strong entry point into Horsham’s owner-occupied market, where 90% of homes are held by long-term residents and the median for three-bedroom houses sits at $440,000. Its renovated open-plan layout, split-system climate control, and low-maintenance yard reduce immediate capital outlay for a buyer seeking move-in readiness. The 674-square-metre General Residential Zone lot, without bushfire or heritage overlays, offers latent subdivision or extension optionality that many comparable listings lack. This house best suits a downsizer or first-home buyer who values proximity to Horsham College and the Wimmera River over speculative growth. The primary risk is the property’s age—built 1940—which may introduce structural or insulation issues not fully addressed by cosmetic renovation, and the current listing at $449,000 sits near the top of recent value estimates. The 2023 purchase price of $365,000 suggests limited short-term capital gain, and the rental estimate of $415–$510 per week implies a gross yield of roughly 4.8–5.9%, acceptable but not exceptional for regional Victoria. The opportunity lies in holding for steady owner-occupier demand and leveraging the GRZ zoning if future subdivision becomes viable. Treat this as a solid, low-volatility home rather than a flip.