FOR SALE
$309,000

1/23A Thomas Mitchell Drive
Wodonga VIC 3690

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 78m2
Land area: 247m2
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CENTRAL OPPORTUNITY

Located in a prime central area of Wodonga, this two-bedroom, one-bathroom property, the second on the block, has buckets of character and an excellent rental return for the savvy investor.
As you walk to the front of the property, the joint patio area has a door to each home. Unit 1, positioned at the front of the block, offers two bedrooms, with the master bedroom containing a built-in robe. The original 1950s features of this home include ornate cornices, a pedestal basin in the bathroom and wood floors and window frames. Currently tenanted at $320 per week on a fixed lease, this home is the perfect set-and-forget investment.
A secure yard at the front of the property is perfect for pets and kids to run around in. This home is in a prime location, close to the main street of Wodonga, schools, parks and shopping centres. This duplex property is a perfect investment opportunity with great rental return potential. The home is also at a great entry-level price for the first home buyer to get their foot in the market or a downsizer looking to be close to town.
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Property Details for 1/23a Thomas Mitchell Dr, Wodonga

1/23a Thomas Mitchell Dr, Wodonga is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 247m2 and floor size of 78m2. The place is currently for sale with First National Real Estate - Bonnici & Associates .

Building Type
Unit
Floor Size
78m2
Land Size
247m2

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About Wodonga 3690

The size of Wodonga is approximately 37.1 square kilometres. It has 36 parks covering nearly 9% of total area. The population of Wodonga in 2011 was 16,487 people. By 2016 the population was 18,932 showing a population growth of 14.8% in the area during that time. The predominant age group in Wodonga is 20-29 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 2011, 60.5% of the homes in Wodonga were owner-occupied compared with 58.4% in 2016.

Wodonga has 11,816 properties. Over the last 5 years, Houses in Wodonga have seen a 61.78% increase in median value, while Units have seen a 70.45% increase. As at 31 July 2024:

  • The median value for Houses in Wodonga is $541,657 while the median value for Units is $359,998.
  • Houses have a median rent of $475 while Units have a median rent of $370.
There are currently 57 properties listed for sale, and 16 properties listed for rent in Wodonga on OnTheHouse. According to CoreLogic's data, 462 properties were sold in the past 12 months in Wodonga.

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Harley Maclachlan
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William Bonnici
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First National Real Estate - Bonnici & Associates
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