98 Queen Street, Narellan NSW 2567

Modest yield | dated single bathroom | no parking expansion | low land-to-building ratio | strong location landbank | risk of overpaying at top of range The property carries a structural limitation in its single bathroom layout and drive-through garage, which caps its appeal to families seeking move-in-ready convenience. At an estimated yield near 3.6%, the rental return is underwhelming for an investor, while a buyer paying near the upper end of the range risks holding a property with limited immediate value growth beyond land appreciation. Holding this property as a long-term landbank in Narellan Central makes commercial sense, but a flip or short-term resale is not advised due to dated finishes and narrow buyer pool. What is competitively strong here is the 596m² lot in a central Narellan position with no flood, bushfire, or heritage overlays, offering development optionality over time. The 209m² building footprint, large pergola, and enclosed yard serve a downsizer or small family seeking single-level living with room to extend, though the single bathroom limits appeal for dual-income households. The property serves best a patient buyer who prioritizes location and land over immediate turnkey standards, and whose next step should be a building and pest inspection to assess the 28-year-old maintenance cycle before negotiating.