4/14 Cunningham Street, Benalla VIC 3672

2-bed brick unit | 1970 build | 104–105 m² lot | $280/wk rent | entry-level Benalla stock This is a straightforward, low-maintenance brick unit in a small complex, built in 1970 and sitting on a compact lot typical of older regional flats. Its competitive edge is simplicity: two bedrooms with built-in robes, one bathroom, and a single car space, all in a format that suits first-home buyers, downsizers, or investors seeking a modest yield. The reported rent of $280 per week against the indicative price suggests a gross return near 5.9%, which is reasonable for this type of property in a regional centre like Benalla. The unit is best positioned for a buyer who wants an affordable, no-fuss entry point into the market, without the complexity of a larger house or newer strata development. The property’s value may be influenced by its age and the lack of verified detail on interior finishes, renovations, or shared complex amenities. A 1970 build can mean original fixtures, limited insulation, or older plumbing, which a buyer should factor into their price view. The compact lot size and attached format also limit land value appreciation, so the property’s long-term growth may be modest compared to detached houses. The existing tenancy provides immediate income, but a buyer should confirm the lease terms and any body corporate fees that could affect net return. These factors are worth weighing, but they do not undermine the unit’s appeal as a straightforward, affordable purchase in a stable regional market.