1-9/286 Beechworth RoadWodonga VIC 3690
Property Details for 1-9/286 Beechworth Rd, Wodonga
1-9/286 Beechworth Rd, Wodonga is a 10 bedroom, 9 bathroom Unit with 11 parking spaces. The property has a land size of 1644m2.
Last Listing description (December 2024)
Located on Beechworth Road in central Wodonga, this unit complex is within easy walking distance to High Street CBD and a bus stop on its doorstep. The complex features brick construction and is set on a 1644m (approx.) allotment. This 9 unit development is on one title and does not require strata management, appealing to the astute investor.
Free standing and facing Beechworth Road is unit 1, which is a spacious 2 bedroom unit with adjoining carport, stainless steel appliances, built in robes in main bedroom and a separate laundry. This unit has had a full high-quality renovation completed in 2023.
Behind this you will find units 2 to 9, each featuring one bedroom with a combined laundry/bathroom, separate toilet and built in robes. North facing lounge, split system air-conditioning, gas cooking, gas hot water and an allocated carport. Units 2-7 & 9 are in original condition making this a great opportunity for a makeover. Unit 8 has been updated in 2023 as photographed.
All units are fully compliant with electrical and gas regulations as per the standards recently introduced. These units have secure long term tenants, with some astonishingly lengthy tenancies, ensuring a sound investment. Yearly current income is $108,160 providing a 6% return. After a recent tenancy changeover with a rental increase, it has been proven that these units could obtain an estimated yearly income of $123,240 without any further investment, providing a 7% return.
For further information please do not hesitate to call Joan on 0419 483 919.
Gas and electrical compliance reports are within the vendor statement and a recent building and pest report are available on request.
Disclaimer: Joan Naldrett Real Estate make every attempt to ensure that all information provided about the property is accurate. Information is provided from the Vendor, legal representation and other information sources, therefore we cannot accept any responsibility for its true accuracy and advise all of our clients to seek independent advice prior to proceeding with any property transaction.
Property History for 1-9/286 Beechworth Rd, Wodonga, VIC 3690
- 27 Jun 2024Listed for Sale $1,750,000
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0About Wodonga 3690
The size of Wodonga is approximately 37.1 square kilometres. It has 36 parks covering nearly 9.0% of total area. The population of Wodonga in 2016 was 18948 people. By 2021 the population was 20259 showing a population growth of 6.9% in the area during that time. The predominant age group in Wodonga is 30-39 years. Households in Wodonga are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Wodonga work in a professional occupation.In 2021, 59.90% of the homes in Wodonga were owner-occupied compared with 58.40% in 2016.
Wodonga has 12,066 properties. Over the last 5 years, Houses in Wodonga have seen a 76.22% increase in median value, while Units have seen a 92.75% increase. As at 30 November 2025:
- The median value for Houses in Wodonga is $649,187 while the median value for Units is $426,362.
- Houses have a median rent of $528 while Units have a median rent of $400.
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