61 Monds Avenue, Benalla VIC 3672

Spacious 1060sqm block | 20% site coverage | high cathedral ceilings | recent interior refresh | Benalla residential zone The buying case centres on the generous land-to-building ratio, where only 20% site coverage on a 1060sqm lot offers rare expansion or subdivision potential in a residential zone. The high cathedral ceilings and recent interior upgrades—new carpets, drapes, split-system cooling—reduce immediate capital outlay, while the separate garage and rear pergola add functional outdoor living. This property suits a buyer seeking a long-term hold with scope for value-add through land utilisation, or a family wanting a move-in ready house with room to grow. The primary risk is the 37% price uplift from the October 2024 sale, which may test market appetite in a stable regional centre like Benalla. The 4.7–5.86% rental yield is moderate, not exceptional, and the property’s reliance on recent cosmetic improvements rather than structural renovation limits upside from further interior work. However, the absence of bushfire, flood, or heritage overlays reduces holding risk, and the NBN Fibre to the Curb supports remote work. Hold for land appreciation or develop the rear lot when zoning permits.