FOR SALE
$399,000

197 Graham Street
Wonthaggi VIC 3995

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Land area: 607m2
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Prime Real Estate Opportunity

Attention investors, developers, and dream home builders! Here's your chance to seize a remarkable piece of real estate situated just 100 meters from the bustling CBD. This older house, despite its need for significant renovations or a complete rebuild, presents an unbeatable opportunity in a highly sought-after location near the hospital and shopping sector.
This property is perfect for those looking to capitalize on its potential. Whether you're interested in land banking, constructing two units, designing a beautiful single-family home, or utilizing the site for medical purposes (subject to council approval), the possibilities are endless!
While the current dwelling has seen better days, the solid bungalow and substantial shedding on the property offer potential for creative future use. With the added benefit of rear lane access and bordering the local Wonthaggi Primary School, you'll enjoy both convenience and privacy, making it a prime location for families and professionals alike.
Take advantage of this exceptional opportunity today - the perfect canvas awaits your imagination!
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Property Details for 197 Graham St, Wonthaggi

197 Graham St, Wonthaggi is a 3 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 607m2. The place is currently for sale with Ray White Wonthaggi.

Building Type
House
Land Size
607m2

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About Wonthaggi 3995

The size of Wonthaggi is approximately 52.4 square kilometres. It has 24 parks covering nearly 4.6% of total area. The population of Wonthaggi in 2011 was 4,354 people. By 2016 the population was 4,964 showing a population growth of 14.0% in the area during that time. The predominant age group in Wonthaggi is 60-69 years. Households in Wonthaggi are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Wonthaggi work in a trades occupation. In 2011, 63.7% of the homes in Wonthaggi were owner-occupied compared with 62.9% in 2016.

Wonthaggi has 4,093 properties. Over the last 5 years, Houses in Wonthaggi have seen a 46.26% increase in median value, while Units have seen a 49.41% increase. As at 31 October 2024:

  • The median value for Houses in Wonthaggi is $567,285 while the median value for Units is $451,383.
  • Houses have a median rent of $450 while Units have a median rent of $400.
There are currently 67 properties listed for sale, and 3 properties listed for rent in Wonthaggi on OnTheHouse. According to CoreLogic's data, 165 properties were sold in the past 12 months in Wonthaggi.

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Ray White Wonthaggi
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