13/21 Mckenzie Street, Wonthaggi VIC 3995

Turnkey unit | Established complex | Near Wonthaggi CBD | Bushfire overlay applies This property offers a competitively priced entry into a well-located complex near Wonthaggi’s core amenities, suited to first-home buyers or investors seeking low-maintenance exposure. The light-filled layout, built-in robes, and functional laundry reduce immediate outlay, while the separate toilet and 1200mm shower add practical appeal. Its positioning near schools, shops, and public transport supports steady rental demand, though the suburb’s rental yield of 4.6% is tempered by a -10.9% growth trend. The bushfire overlay is a material risk, potentially increasing insurance costs and limiting some buyer pools, which may cap future capital growth. The lot size discrepancy—1.38 acres versus 322 m²—requires clarification to avoid valuation surprises. A buyer could negotiate below the recent $350,000 sale given the estimated value of $360,000, targeting a hold for stable rental income or eventual owner-occupier exit.