175 Nicholson Street, Orbost VIC 3888

1910 character house | 958 m² block | two updated bathrooms | home office capable | 5.1% gross yield estimate This house offers a rare combination of period character and modern updates on a near-1,000 m² block, which is larger than many regional dwellings. The 1910 construction provides ornate pressed metal ceilings, stained glass, and a polished hardwood entrance hall, while the master bedroom with private ensuite and a third bedroom suited as a home office add flexibility. It serves best a buyer seeking a lifestyle property with heritage charm, space for a garden, and reasonable rental yield in a central Orbost location. The estimated rent of $410 per week implies a gross yield near 5.1%, which may support investor interest but should be weighed against potential maintenance costs from the 1910 build. The lack of detected bushfire, flood, or heritage overlays reduces risk, though the older construction age might require future upgrades to systems or insulation. The price gap between the $375,000 last sale and current marketing could reflect renovations or market shifts, but a thorough inspection for structural integrity and any deferred maintenance is advised.