8 Barkly Street, Benalla VIC 3672

1960 build | 590m² block with overlays | 3 bed, 2 bath, ensuite | Benalla P-12 catchment This house presents a straightforward proposition for a cost-conscious buyer or investor seeking a large, established block in a regional centre. Its core strength is the land parcel at nearly 600 square metres, a size becoming less common, within the catchment of a combined government school. The configuration of three bedrooms with two bathrooms, including an ensuite, is competitively modern for a 1960 build and aligns with durable rental and resale demand. It serves best as a high-yield investment or a value-entry home for those prioritising space over new finishes. The property carries defined risks through its bushfire and flood overlays, which will necessitate specific insurance costs and potentially limit future borrowing or development ease. The discrepancy in reported floor area requires immediate clarification during due diligence. The commercial logic is clear: acquire at or below the current asking price to secure a yield above 5.5%, using the substantial land as a long-term hedge. Treat this as a hold for cash flow, not speculative capital growth, given the extended previous selling period. The sales history indicates a significant uplift from its late 2019 sale at $297,000 to the current estimated value near $476,000. This past growth trajectory supports the current pricing framework, suggesting the market has recalibrated. For a buyer, this establishes a higher entry point that must now be justified by sustained rental income, as future appreciation may moderate from this recent base.