3 Parkland Drive, Wodonga VIC 3690
3 Parkland Drive, Wodonga VIC 3690
Family home in Wodonga | first sale in 53 years | 905m² opposite park | strong owner-occupied street
This property presents a rare buying opportunity due to its long-term family ownership and substantial land holding opposite Les Stone Park. The 905m² allotment is significantly larger than typical infill blocks, and the street’s 80% owner-occupier profile signals stable neighbourhood demand. The separate garage and carport, combined with ducted cooling and solar, reduce ongoing costs for a family or investor. The property best suits buyers seeking space, location near schools and the CBD, and a home with potential to add value through cosmetic updates.
The primary risk is the single bathroom and separate toilet layout, which may limit appeal to families with older children or multiple occupants. Buyers should also inspect for deferred maintenance given the 53-year ownership period, particularly the gas furnace and roofing. The opportunity lies in the zoning and block depth, which may support future subdivision or extension, subject to council approval. Rental demand is supported by proximity to Wodonga Senior Secondary College and the park, offering a conservative yield of around 4.3% in current condition.
Detailed Independent Property Report prepared by PropCred Analyst team for 3 Parkland Drive, Wodonga VIC 3690
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
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Market Insight
Wodonga is a dynamic regional centre with strong infrastructure investment and a growing, professional demographic driving demand. This has resulted in robust house price growth, supported by high sales volumes and a competitive market. Future growth is underpinned by significant population increases and ongoing development, though a notable decline in land sales points to emerging supply constraints that could pressure affordability.
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PropCred Estimated Value
Bedrooms
4
Bathroom
1
Parking
2
Land
905m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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