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213 Lawrence Street, Wodonga VIC 3690

$669,000

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$669k - $702k Transparent Transparent Listing Based on an openly advertised listing price.

House 4 Beds 2 Baths 1 Car 787 m²

Listed: 7 days ago

Updated: 15 hours ago

Overview

Situated in the heart of Central Wodonga, this unique property presents a rare dual-income investment opportunity combined with a flexible living arrangement.

The offering centres around a charming 1940s weatherboard home characterized by its original period features such as polished timber floorboards and a traditional fireplace, creating a warm and inviting living environment. This main residence features three comfortable bedrooms and a centrally positioned bathroom, alongside spacious living and dining areas that accommodate family and social gatherings. Year-round comfort is ensured by a split-system air conditioner strategically placed in the lounge.

Complementing the main home is a separate, recently refreshed one-bedroom unit at the rear of the allotment. This independent dwelling is well-appointed with an updated galley kitchen, split-system heating and cooling, and a covered alfresco area — perfect for guests, extended family, or rental income. Its exceptionally large bedroom, with dual entrances, offers the possibility of subdivision into two bedrooms subject to approvals, allowing for adaptable accommodation needs. Dedicated driveway access and a private carport provide convenience and privacy for this rear dwelling.

Set on a generously sized 786.82 m² parcel (note some discrepancy between sources indicating 656 m²), the property affords separately fenced yards, enhancing security and privacy for both dwellings. A standout feature is the direct gated access to an adjoining park and playground, promoting an enviable lifestyle for families and tenants alike.

Significant recent improvements include a new roof, eaves and guttering, and a renovated laundry, underscoring a well-maintained asset with minimal immediate upkeep required.

Two distinct dwellings allowing for flexible dual-income potential
Main residence: 3 bedrooms, 1 bathroom, period character, comfort-enhancing features
Rear unit: 1 bedroom, updated kitchen, independent amenities, potential for subdivision
Combined rental return projection around $750 weekly, indicating attractive gross yield potential
Separate yards and secure fencing support privacy and tenant satisfaction
Direct gated access to parkland and playground adjacent, heightening appeal to families
Central location close to shops, dining, and essential services

Overall, this property offers a compelling package for investors seeking a solid income-producing asset with scope for further enhancement. It also serves as a practical solution for families requiring extended accommodation or those looking for a property with diverse rental options. The combination of established charm, location benefits, and dual-dwelling status makes it a versatile holding worthy of careful consideration.

Local Market Insights

In Wodonga, Quiet Listings observed 52 new houses entering the market over the last 30 days, up from 40 during the previous 30-day period, with an average advertised asking price of $764,556. The property type mix of listed properties is predominantly Houses at 89%, followed by units (5%), and commercial properties (5%). The most active agency for houses in the Wodonga area is currently Wodonga Real Estate, representing 19% of new listings, followed by Elders Real Estate with 17%. 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.