32 Wedge Street, Benalla VIC 3672

Renovation-ready 4-bedroom house | 655–683m² lot | Flood overlay | Solar panels | Fibre to the Node This property presents a high-value entry into the Benalla market, offering a generous floorplan on a substantial block with established infrastructure. The combination of four bedrooms, dual garages, and solar panels creates a cost-efficient foundation for an owner-occupier seeking space or an investor targeting family rentals. Its zoning for the local P-12 college catchment directly aligns with a core demographic, providing a built-in demand driver that stabilizes its rental appeal and future salability. The primary investment cost is the flood overlay, which necessitates specialised insurance and may constrain future structural expansions, directly impacting holding costs and capital outlay. The commercial logic lies in executing a disciplined renovation to elevate its value above the estimated range, capitalising on the large block and existing building footprint. Treat this as a long-term hold; its current valuation gap offers margin for improvement, but realising it requires a precise understanding of local flood construction requirements and true renovation costs. A Propcred report would quantify the flood risk premium, verify the building coverage for extension potential, and benchmark its post-renovation value against genuine comparable sales.