37 Franklin Street, Wangaratta VIC 3677
37 Franklin Street, Wangaratta VIC 3677
3-bed family house | 596m² block | solid rental demand | no overlay issues | mid-sized suburban appeal
This property holds a straightforward competitive position in Wangaratta’s family-home market. The 3-bedroom, 2-bathroom layout with double car accommodation on a 596m² lot is the kind of configuration that suits first-home buyers, young families, and investors looking for dependable rental performance. The estimated rent of $550 per week suggests strong income potential relative to the property’s value, which is a meaningful advantage in a regional centre where family housing remains consistently sought after. Being zoned for Appin Park Primary and Wangaratta High School adds practical appeal for owner-occupiers with children, while the absence of bushfire, flood, or heritage overlays reduces compliance complexity and insurance concerns. The house is broadly aligned with the established street character, which is predominantly detached family homes on similar-sized blocks, so it should feel familiar and comfortable to buyers exploring the area.
The estimated value of $632,000 places this property in a competitive band where presentation and condition will likely play a decisive role. A 3-bedroom configuration may be slightly less desirable than the 4-bedroom homes that appear frequently in the surrounding street, which could narrow the buyer pool or soften price growth compared to larger alternatives. The reported built area of 293m² is generous for a 3-bedroom house, so if the internal layout is well-utilised, that could offset the bedroom count and appeal to buyers wanting space without the extra room. The age and quality of the kitchen, bathrooms, and flooring are not confirmed, and those elements may materially influence how the property compares against renovated neighbours. Buyers should weigh the potential need for updates against the current price point, as even modest improvements could shift the property’s perceived value noticeably.
|| Comparable Sales: 17 Franklin Street sold for $598,000 in April 2025; 51 Franklin Street listed at $570,000 | Property Price Band: $600,000–$700,000 | Value Drivers: land size, internal space, condition and presentation
Detailed Independent Property Report prepared by PropCred Analyst team for 37 Franklin Street, Wangaratta VIC 3677
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
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Market Insight
Wangaratta presents as a stable regional hub with solid infrastructure links. Demand is driven by a growing population of established residents and investors attracted by competitive rental yields. Recent price trends show stability in houses but stronger growth in the unit segment, with a brisk sales market indicating healthy turnover. Future growth is supported by demographic and income expansion, though affordability pressures and sensitivity to economic shifts present key constraints on the market’s trajectory.
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PropCred Estimated Value
Comparable Sales: 17 Franklin Street sold for $598,000 in April 2025; 51 Franklin Street listed at $570,000 | Property Price Band: $600,000–$700,000 | Value Drivers: land size, internal space, condition and presentation
Bedrooms
4
Bathroom
2
Parking
2
Land
596m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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