23 Wigg Close, Traralgon VIC 3844

1-bedroom renovated unit | Traralgon family zone | school walkable | courtyard and alfresco | strong rental yield near $285pw This unit’s competitive edge is its renovated interior and alfresco courtyard in a suburb where 56% of residents are long-term, signalling stable demand. At $205,000 estimated value, it sits just above the $196,250 median for one-bedroom units, but the modern kitchen and bathroom reduce immediate capital outlay for a buyer. The property suits a first-home buyer seeking low-maintenance living or an investor targeting the 32% cohort aged 20-39 who dominate local rentals. Proximity to a primary school and childcare adds tenant appeal without premium pricing. The main risk is the 114-day average days on market, indicating slower turnover that could pressure resale timing. No bushfire or flood overlays lower insurance costs, but the open car space may deter tenants accustomed to enclosed garages. The $285 per week rental estimate yields a gross return near 7.2%, above typical unit returns, making it a viable hold for cash flow. Buyers should negotiate below the $205,000 estimate to build equity from day one.