20 Orwell Street, Wangaratta VIC 3677
20 Orwell Street, Wangaratta VIC 3677
Renovated 1950s house | 497m² block | 3 beds, 1 bath, 2 car | workshop and fenced yard | walkable west-side location
The property is viewed as a genuinely updated 1950s house, not a cosmetic makeover. A renovated kitchen and bathroom, ducted gas heating, and split-system cooling are practical inclusions that reduce immediate repair costs. The 497m² block is well used, with secure two-car parking, a workshop, and established gardens. The single-level layout, including three built-in robes and a second toilet in the laundry, suits small families, downsizers, or professionals wanting a lock-and-leave property. Located in a sought-after west-side pocket, it sits within walking distance of schools, health services, and the hospital, increasing its appeal to healthcare and education workers. The decorative fireplace adds character without requiring active use.
Property value may be affected by lot size, slightly below larger blocks nearby. Renovation quality is considered a differentiator, with buyers paying for turnkey condition. The second toilet helps, but no second bathroom could limit household appeal. Given the street’s price spread, presentation and land size matter; the upgraded interior should be weighed against the modest outdoor space.
>> Comparable Sales: 21 Orwell Street sold for $345,000, 27 Orwell Street sold for $520,000 | Property Price Band: $400,000–$500,000 | Value Drivers: renovated condition, secure two-car parking, single-level layout with workshop
Detailed Independent Property Report prepared by PropCred Analyst team for 20 Orwell Street, Wangaratta VIC 3677
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
1
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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
Bedrooms
3
Bathroom
2
Parking
1
Land
500m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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