12 Maxwell Street, Wangaratta VIC 3677
12 Maxwell Street, Wangaratta VIC 3677
Established detached house on a mid-sized block | quiet inner-suburb pocket near CBD and health precinct | family and investor demand | conventional single-level layout | no overlay constraints
A straightforward appeal is found in this established detached house within Wangaratta’s inner suburban stock. It is presented as a single-level dwelling on a mid-sized block, a configuration that is well suited to the largest segment of local buyer demand. Families are drawn by the practical layout and proximity to the CBD, health precinct, and sporting facilities. Investors are also served well, given the steady rental demand for conventional three-bedroom homes in this pocket. No significant bushfire, flood, or heritage overlay constraints have been identified, which reduces planning uncertainty should extensions be considered. A quiet street position and the security of freehold land make this a dependable choice for an owner-occupier entering the market or an investor seeking a straightforward addition to a portfolio.
The final value may be influenced most directly by the condition and presentation of the dwelling. A house that has been maintained reasonably will hold firm interest, while one that requires significant updating might see competition narrow unless the land component compensates. The absence of premium finishes could limit appeal among buyers comparing against newer fringe development. Conversely, a tidy interior and usable outdoor space might widen the pool of willing purchasers. Land size and street position may also shift the outcome, as larger parcels with flexible layouts tend to attract firmer offers in this market.
Detailed Independent Property Report prepared by PropCred Analyst team for 12 Maxwell Street, Wangaratta VIC 3677
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Wangaratta is a regional Victorian market with established infrastructure and highway links to Melbourne. Demand is driven by investors and owner-occupiers: 44% of owners hold mortgages, moderate population growth and strong income growth support buyer interest, including 1,751 monthly inquiries. House prices are $525,000–$530,000, with growth ranging from flat to 16.7%, indicating a stable yet uneven market. Units outperform, at $355,000–$391,750 with 9.7–13.6% annual growth, weekly unit rents of $360–$385, and gross yields near 5.4% versus 4.3% for houses. Sales velocity is moderate, with houses on the market 27–44 days and annual volumes of 298–404. The main constraint is affordability: household income is below the regional average, elevating rate sensitivity and capping price growth for higher-end stock.
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PropCred Estimated Value
Comparable Sales: 18 Maxwell Street sold for $645,000 | Property Price Band: $550,000–$650,000 | Value Drivers: condition, land size, presentation
Bedrooms
4
Bathroom
2
Parking
2
Land
852m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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