67 Main Street, West Wyalong NSW 2671

Multi-unit corner block | E1 zone with development upside | Two flats plus hall | Vacancy risk offset by location This property offers a rare combination of immediate income and redevelopment optionality in a regional centre with strong long-term value growth. The corner position on a 762 sqm block in the E1 zone provides flexibility for a buyer to hold the two flats for rental return while the former hall space can be repurposed for storage, workshop, or future conversion subject to council approval. The property suits an investor seeking a hands-on holding with multiple income streams, or a buyer-occupier who can occupy one flat and rent the other while exploring the hall’s potential. The reliable tenant in the front flat reduces vacancy risk, and the central walkable location supports tenant demand. The key risk is the vacant flat and the hall’s current non-income-producing use, which together cap immediate yield until both are tenanted or redeveloped. The buyer should budget for minor refurbishment to bring the vacant flat to market, and investigate the hall’s structural condition and permissible uses under the E1 zone. The property’s 2019 purchase at $155,000 and subsequent price growth to the current $295,000 range reflect strong capital appreciation, but the local unit median has softened year-on-year, so near-term resale may be flat. The buyer’s advantage lies in holding for rental consolidation and medium-term development, not flipping.