61 Monds Avenue, Benalla VIC 3672
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.
Detailed Independent Property Report prepared by PropCred Analyst team for 61 Monds Avenue, Benalla VIC 3672
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
Benalla presents as an affordable regional hub with a mature demographic profile, attracting downsizers and investors. Demand is driven by childless couples and professionals seeking value, supported by solid rental yields and strong capital growth, particularly in the unit segment. The market demonstrates healthy momentum with competitive days on market, though future growth may be tempered by its established population base and lower transaction volumes in certain sectors.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
1060m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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