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93 Rowan Street, Wangaratta VIC 3677

$1,400,000

Search Band Search Visibility Band

$1.4M - $1.5M High Confidence Calculated based on strong search observations.

House 7 Beds 5 Baths 5 Cars 1127 m²

Listed: 44 days ago

Overview

This rare investment offering presents a cluster of five well-maintained residential units consolidated on a single title, providing an appealing mix of steady cash flow and long-term asset security for investors. Situated on a generous 1127 sqm land parcel in Wangaratta, the property features a total of seven bedrooms and five bathrooms, complemented by five dedicated parking spaces, each unit benefiting from its own carport.

The complex comprises three one-bedroom units alongside two larger two-bedroom units, creating a diversified income stream that reduces vacancy risk and ensures reliable returns. Currently achieving an annual rental income exceeding $86,000 with a healthy yield of 6.17%, this asset points to solid performance backed by existing tenancies.

Strategically positioned within walking distance of Wangaratta's CBD, the location offers residents convenient access to retail outlets, dining options, schools, and public transportation. Proximity to the local hospital broadens appeal to healthcare professionals and other renters prioritizing convenience and lifestyle amenities.

Five units consolidated on one title maximize land use and investment simplicity.
Dedicated carports for each unit enhance tenant convenience and property's marketability.
Diverse unit mix supports portfolio diversification within a single asset.
Established and well-presented with proven tenancy, minimizing management challenges.
Strong demand in a desirable location reinforces future rental prospects and capital growth potential.

This property is an ideal acquisition for investors seeking a high-yield, low-maintenance opportunity in a tightly held regional market. The combination of secure income, location benefits, and multiple dwellings on one title makes this an attractive addition to a growing portfolio or a strategic entry into residential investment.

Local Market Insights

In Wangaratta, Quiet Listings observed 21 new houses entering the market over the last 30 days, down from 59 during the previous 30-day period, with an average advertised asking price of $803,476. The property type mix of listed properties is predominantly Houses at 54%, followed by land (38%), and units (8%). The most active agency for houses in the Wangaratta area is currently Tait Real Estate, representing 33% of new listings, followed by Garry Nash & Co with 19%. 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.