10 Joanne Place, Orange NSW 2800

Dual-villa configuration on single title | R2-zoned corner block in Bel-Air estate | No strata, single outgoings | 158% long-term growth since 2007 This property offers a rare structural advantage: two separate three-bedroom villas on one title, meaning a buyer secures dual income streams with a single set of rates and no strata complexity. The R2 zoning on a 942-square-metre corner block adds redevelopment optionality, which is uncommon for a turnkey income property. It suits an investor seeking immediate rental coverage from both villas, or an owner-occupier who can live in one and let the other subsidise the mortgage. The Bel-Air location, with quick access to the Northern Distributor and Orange’s CBD, supports stable tenant demand from families and professionals. The main risk is price discovery: the Domain estimate sits above the guide, suggesting the seller may hold firm near $970,000, which compresses initial yield. Buyers should test rental evidence for each villa separately before committing. The corner block’s future potential is genuine but contingent on council approval, so it should be treated as a bonus, not the primary rationale. For a long-term hold, the low outgoings and single-title structure protect against rising body corporate costs, and the dual-villa layout provides natural hedging against vacancy. Use this property as a core holding in a regional portfolio, not a flip.