51 Dempsey Street, Wycheproof, VIC 3527 | AcreageSemi-rural for sale | OnTheHouse
 
FOR SALE
$475,000

51 Dempsey Street
Wycheproof VIC 3527

Bedrooms: 3
Bathrooms: 2
Car spaces: 6
Land area: 700m2
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Country Investment – Dual Income/Living

Ideally positioned within walking distance to the main street, this professionally renovated property offers outstanding flexibility for investors, retirees or owner-occupiers seeking additional income.
The main residence is an updated two-bedroom vinyl-clad home featuring a renovated kitchen with polished floorboards and butler’s pantry, and a comfortable lounge with reverse cycle heating and cooling air conditioning and an electric fan-forced fireplace heater. The main bedroom includes a mirrored built-in robe, while the home is serviced by a new, fully renovated bathroom with shower, vanity and toilet. The home has ducted evaporative cooling, quality blinds and fixtures, good floor coverings, rear porch and front verandah. There is also a single garage/workshop.
At the rear of the property, with its own separate access and fencing, sits a new, custom-designed tiny home on a transportable galvanised frame. Fully self-contained, plumbed and wired with own meter, it includes a kitchen, bedroom, bathroom and toilet, and is furnished with a bed, TV, fridge, reverse cycle air conditioning and hot water service. Enjoy the sunsets from the timber decked patio. There is also a galvanised iron storage shed and laundry. This home is rent ready or ideal for a relative.
Investment details -
• Main home rental appraisal: $350 per week
• Tiny home rental appraisal: $250 per week
• Combined potential income: $600 per week ($31,200 per annum)
• Approx. 6% return
• Low maintenance investment with easy-care yards
Set in a welcoming community with excellent amenities including shopping, a well-regarded P-12 school, hospital, chemist, hotels, motel, butcher, IGA and hardware store - all within walking distance or easy reach. A quality asset with multiple income streams and lifestyle appeal - move in, rent out, or both.
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Property Details for 51 Dempsey St, Wycheproof

51 Dempsey St, Wycheproof is a 3 bedroom, 2 bathroom AcreageSemi-rural with 6 parking spaces. The property has a land size of 700m2. The place is currently for sale with Property Plus Real Estate.

Building Type
AcreageSemi-rural
Land Size
700m2
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About Wycheproof 3527

The size of Wycheproof is approximately 220.0 square kilometres. There is 1 park, covering nearly 0.1% of the total area. The population of Wycheproof in 2016 was 635 people. By 2021 the population was 610 showing a population decline of 3.9% in the area during that time. The predominant age group in Wycheproof is 60-69 years. Households in Wycheproof are primarily childless couples and are likely to be repaying $300 - $449 per month on mortgage repayments. In general, people in Wycheproof work in a managers occupation.In 2021, 78.50% of the homes in Wycheproof were owner-occupied compared with 78.70% in 2016.

Wycheproof has 521 properties. Over the last 5 years, Houses in Wycheproof have seen a 51.52% increase in median value. As at 31 July 2026:

  • The median value for Houses in Wycheproof is $241,742 while the median value for Units is $330,740.
There are currently 5 properties listed for sale, and 1 property listed for rent in Wycheproof on OnTheHouse. According to Cotality's data, 13 properties were sold in the past 12 months in Wycheproof.

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Greg Fathers
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Property Plus Real Estate
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