140 Kerr Road, Thurgoona NSW 2640
140 Kerr Road, Thurgoona NSW 2640
1.64 acres with views | 662mยฒ building footprint | solar and pool | bushfire overlay present
This property offers a rare combination of generous land area and substantial building size in a sought-after Thurgoona location. The 662mยฒ dwelling, covering only 10% of the land, provides exceptional interior space and future flexibility. Positioned at 209m elevation with sweeping views, the house commands a premium position that is difficult to replicate. The solar panels and pool add practical lifestyle value. This property is best suited to a buyer seeking a long-term family home with room to extend, subdivide, or simply enjoy the outlook and acreage within commuting distance of Albury.
The bushfire overlay is a material risk that will increase insurance costs and may restrict certain renovations or landscaping choices. The 2014 purchase price provides a useful benchmark for negotiating, though current valuation estimates suggest significant capital growth. The rental yield, at roughly 2.7% gross, is modest for an investor but acceptable given the land component’s long-term appreciation potential. Hold this property as a primary residence or hold for capital growth; it is not a strong cash-flow play.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Thurgoona presents as a stable, family-oriented suburb with a market showing divergent trends. Demand is driven by its residential appeal and strong rental growth, particularly for units, which indicates investor and tenant interest. Recent house price growth has been solid, though the market is considered overvalued against its long-term trend. Future growth is supported by sustained rental demand, but key constraints include the overvaluation risk and a notably thin unit market with very limited sales activity.