43 Thomas Street, Yarrawonga VIC 3730

4-bedroom house | 505sqm block | rented to April 2026 | 3.9% yield | built 1936 This property is positioned as a rare turnkey investment in Yarrawonga, with a long-term tenant secured until April 2026 and a rental yield above the suburb average. The 1936 build offers generous room sizes and two living areas, which is competitively scarce for a four-bedroom house at this price point. For a buyer seeking immediate cash flow without vacancy risk, the existing tenancy removes typical holding costs. The side access and garage add practical utility, and the location near Lake Mulwala and the school supports consistent renter demand. The main risk is the -11.9% suburb decline over the past year, which may compress short-term capital growth. The property’s age means maintenance obligations will emerge, and the current yield of 3.9% is moderate rather than exceptional. However, the below-median purchase price relative to Yarrawonga’s $688,000 median provides a buffer, and the NBN FTTP connection adds appeal for remote workers. A buyer should hold this property for income, not speculation, and budget for periodic upkeep to preserve the rental stream.