23 Woods Road, Yarrawonga VIC 3730

23 Woods Road, Yarrawonga VIC 3730
Central corner block | four-bedroom brick veneer | renovation-ready original condition | strong family and investor demand. The propertyโ€™s strongest buying case is its position on a 596-square-metre corner allotment within walking distance of Yarrawongaโ€™s main street, Lake Mulwala, and three schools. Four bedrooms with built-in robes and an open-plan living area on a single level make this house immediately functional for a family or weekender, while the original kitchen and bathroom represent a clear upgrade path. The dual carports and secure courtyard add practical appeal for owner-occupiers and investors alike, and the high owner-occupier ratio on Woods Road suggests stable neighbourhood character. The main risk is the single bathroom and toilet layout, which may limit appeal to larger families or tenants without renovation. The 1997 last sale price offers no recent price anchor, so buyers must rely on the $559,000 listing and comparable sales. The opportunity lies in a kitchen and bathroom refresh, which could lift value above the estimated $570,000โ€“$572,000 range. This house suits a buyer seeking a central, renovatable home with strong rental yield potential in a sought-after regional town.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 23 Woods Road, Yarrawonga VIC 3730
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Market Insight:

Yarrawonga presents as a stable regional market with a housing stock dominated by quality homes. Demand is driven by investors attracted to solid rental yields and owner-occupiers seeking larger houses, though sales activity is measured. Recent price trends for houses have been mixed with some softening, while the unit segment has shown stronger growth. Future performance hinges on sustained investor interest, but the market faces constraints from slower sales velocity and a limited growth outlook.
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PropCred Estimated Value

Bedrooms

4

Bathroom

1

Parking

2

Land

596mยฒ

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