Lot 55 - Amberfields Estate - Benalla

Description

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Benalla is a picturesque rural city located in north-eastern Victoria, about 200 kilometres north-east of Melbourne, and forms part of the Rural City of Benalla local government area. Set along the Broken River and surrounding the scenic Lake Benalla, the suburb is known for its peaceful atmosphere, community spirit, and vibrant arts culture. Home to around 14,000 residents, Benalla offers a slower-paced, regional lifestyle with open spaces and a strong sense of local identity. The area is well-connected via the Hume Freeway and Midland Highway, and the Benalla railway station provides access to Melbourne and other regional centres.

Benalla’s economy is supported by agriculture, tourism, service industries, and some light manufacturing, making it a key regional hub in north-east Victoria. The town features several schools, including primary, secondary, and TAFE options, as well as a well-equipped hospital and healthcare facilities. Local amenities include supermarkets, cafes, recreational spaces, and cultural attractions such as the Benalla Art Gallery and the renowned Wall to Wall Street Art Festival, which transforms the town’s streets into a living gallery of murals each year. Outdoor enthusiasts enjoy Lake Benalla’s walking tracks, gardens, and picnic areas, contributing to the suburb’s relaxed and nature-focused lifestyle.

Housing in Benalla is generally more affordable than in metropolitan areas, offering good value for families, retirees, and first-home buyers. While it’s a great place for those seeking tranquillity and a strong community atmosphere, some challenges include limited employment opportunities in specialised industries and slightly higher crime rates compared to state averages. Despite this, Benalla remains a charming and appealing destination for people who appreciate art, nature, and the comfort of a friendly regional town.

• Property Type: Prestige House & Land
• Property Stage: N/A
• Price: $ 677,450.00
• Land Price: $ 240,000.00
• Build Price: $ 437,450.00
• Beds: 4
• Bath: 2
• Garage: 2
• Storey: 1
• Study: N/A
• Power Rooms: N/A
• MPR: N/A
• Powder Room: N/A
• Balcony: N/A
• Floor Plan: N/A
• Completion: N/A
• Land Size: 840
• Area Size: 180.10
• Year Built: N/A
• Est. Rates: N/A
• Est. Rent PW: 570.00
• Est. Body Corp.: N/A
• Title Status: N/A
• Gross Per Week: $ 570.00
• Gross Per Annum: $ 29,640.00
• Gross Yield: 4.38%
• Capital Growth 12 Months: -9.57%
• Capital Growth 10 Year Annualised: 4.96%
• Vacancy Rate: 1.35%