5 Audley Street, Narrandera NSW 2700

3-bed brick home | 820m² block near school oval | walk to main street | dual-income potential from existing tenancy and future Airbnb use This property presents a rare configuration advantage in Narrandera: a solid brick home on a full 820m² block with three car spaces and a rear shed, positioned next to a school sports ground within walking distance of the main street. The existing tenancy at $520 per week, stepping to $580 from June, provides immediate holding cost cover while the fully furnished interior supports a switch to short-term letting without capital outlay. It suits a buyer seeking a low-management entry into regional residential investment with optionality for higher-yield use. The primary risk is the FTTN broadband, which may deter some remote workers or premium Airbnb guests, though 5G coverage mitigates this. The 2018 sale at $275,000 and current $540,000 list price reflect strong local capital growth, but the 153-day selling period then suggests a slower market. The opportunity is to acquire a property that already rents above its estimated $490k–$521k valuation range, delivering a 5.5–6% gross yield from day one. Hold for steady rental income or convert to managed Airbnb for yield lift, but avoid overpaying beyond the lower end of the range given the slower resale history.