58 Murphy Street, Yarrawonga VIC 3730

Large 1010m² block | dual-occupancy potential | 5 beds, 3 living areas | strong rental yield at $540/week This property offers a rare combination of a generous 1010m² site with a substantial 387m² building footprint, including two separate dwellings on a single title. The configuration provides immediate flexibility for a buyer seeking multigenerational living, dual-income potential, or future subdivision opportunity. The five bedrooms, three living areas, and swimming pool make it a strong family proposition, while the existing rental estimate of $540 per week suggests solid income if leased as a whole. The location in Yarrawonga, with 90% owner-occupied streets and no overlay restrictions, supports stable long-term value. The primary risk is the current asking price of $749,000, which sits above the recent January 2025 sale of $650,000 and the estimated value range of $676,000–$707,000. This premium may reflect the dual-dwelling potential, but buyers should verify council approval pathways and costs for separate titles. The 38% site coverage leaves room for further development, and the absence of bushfire or flood overlays reduces insurance and compliance costs. For a buyer seeking a hold-and-develop strategy, this property offers a rare infill opportunity in a stable regional market, best approached with a contingency for rezoning or subdivision costs.