2 Mayfair Drive, Benalla VIC 3672

Large lot with 5-car garage | Over $1M in a $610k median market | Bushfire and flood overlays present | Lifestyle-oriented, not yield-driven This property stands out for its uncommon combination of a substantial 2,000-square-metre lot, a four-bedroom house, and a five-car garage—rare in Benalla. It is competitively positioned at the higher end of the local market, serving owner-occupiers, upsizers, and regional lifestyle buyers seeking space and parking capacity. The large landholding and residential zoning give it a low-density, spacious character that typical suburban blocks lack. The bushfire and flood overlays may affect development options or insurance costs, which could narrow the buyer pool. The implied rental yield of roughly 3.1% is income-light relative to the price, so the property is better suited for owner-occupation than investment. Connectivity is strong with FTTP NBN and 5G, but the price point sits well above the suburb median, so demand may be limited to those specifically seeking a larger lifestyle property.