10 William Street Wodonga VIC 3690

3-bedroom house | 697m² lot | 195m² building | Wodonga West Primary zone This property offers a rare configuration edge for a buyer seeking space and yield in a stable regional market. The 28% site coverage on a 697m² lot signals significant land content relative to the modest building footprint, which positions the house as a candidate for future subdivision or a granny flat addition, subject to council approval. The fully fenced, courtyard layout with a workshop and shed appeals to families or tradespeople who value utility over finish. At an estimated $634,000, the property sits below the median for similar lots in the area, and the rental estimate of $470–$525 per week provides a gross yield around 4%, which is competitive for a regional house. This property best serves a buyer looking for a hold-and-grow strategy: a solid rental now with optionality to add value or redevelop later. The primary risk is the lack of recent sales evidence post-2024, meaning the current estimate may lag a softening market, and the Fibre to the Node NBN is a minor drawback for remote workers but not a deal-breaker. The absence of flood or bushfire overlays is a clear advantage, reducing insurance and holding costs. The opportunity lies in the 697m² lot—buyers should commission a feasibility study for a second dwelling or boundary adjustment, as the 28% coverage leaves room for expansion without losing the existing rental income. Hold this property for cash flow and land appreciation; do not overcapitalise on cosmetic upgrades.