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6 Melrose Drive, Wodonga VIC 3690

$489,000

Listed: 18 days ago
Updated: 16 days ago
Overview

This affordable home in Wodonga is positioned on a corner allotment facing Anderson Street, offering a great opportunity for first home buyers or investors seeking solid returns with minimal upfront renovation effort. Primed for comfort after some cosmetic upgrades like new paint, floor coverings, and blinds, the property combines practical features with a central location.

  • The all-electric kitchen adjoins a generous dining area, supporting separate and flexible living zones.
  • A cosy lounge featuring a ceiling fan offers a conducive space for relaxation and gatherings.
  • The three bedrooms each include built-in robes and ceiling fans, enhancing comfort and storage convenience.
  • Ducted gas heating and evaporative cooling throughout the home ensure year-round climate control and energy efficiency.
  • Vehicle accommodation includes a single carport alongside a secure lock-up garage, well-suited for families or multiple cars.

Investors can anticipate a robust rental return estimated between $490 to $520 per week based on current upgrade quotes, reflecting sustained demand in the area. The property's location in Wodonga's central/west corridor provides easy access to schools, shops, and public transport, all enhancing everyday living and potential resale appeal.

Local Market Insights

In Wodonga, Quiet Listings observed 40 new houses entering the market over the last 30 days, down from 51 during the previous 30-day period, with an average advertised asking price of $941,000. The property type mix of listed properties is predominantly Houses at 63%, followed by commercial properties (16%), and units (10%). Elders Real Estate was the most active agency in this area, representing 33.9% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.

Location
6 Melrose Drive
Wodonga VIC 3690
Market Insights for Wodonga VIC 3690
New Listings (last 30 days)
40
Average price
$941,000
Lowest price
$489,000
Highest price
$7,500,000
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