19 Morrison Street, Wodonga VIC 3690

Decade-old heating systems | Unverified fourth bedroom count | No flood bushfire heritage risk | Rental yield within market range This property presents two distinct risk curves. The ducted and in-floor heating is nearing the end of its life cycle, potentially costing a buyer $8,000–$12,000 within five years without a pre-purchase inspection guarantee. The solar PV system offsets some ongoing costs, but its age and output efficiency should be confirmed, as a failing system adds no value and carries removal expense. The 1965 build with recent paint and cladding suggests cosmetic upgrades concealed structural age, so a building inspection is mandatory, not optional. If the heating holds and the bedroom count is correct, the property functions well for an owner-occupier seeking a low-maintenance hold, but for an investor the yield sits at the market median and requires disciplined tenant management to outperform. What makes this property competitively plausible is the combination of two living areas and a large powered shed on a 614sqm lot without heritage or bushfire overlays. The double-glazed windows downstairs and new front cladding are genuine insulation upgrades that reduce buyer outlay on retrofitting, which is rare in a 1965 dwelling. The recent comparable sales on the same street indicate a floor around $579k for a smaller property, giving this listing some pricing buffer for the shed and extra bedroom. The property best suits a family looking to move in with minimal immediate work, or a long-term holder who values the utility of a workshop and car space over a shorter-term capital gain. The next step is to commission a full building and pest inspection focused on the heating system and roof cavity, and to verify the bedroom count with the agent before any offer is made.