11 Bohenia Cres, Moree NSW 2400
11 Bohenia Cres, Moree NSW 2400
3-bedroom house | flood-free 832mยฒ block | 30% site coverage with large deck and shed | tenanted at $400/week | Moree Plains Shire
The propertyโs strongest buying case is its dual-income potential: a solid rental yield near 6% from a current tenant, combined with the rare flood-free 832mยฒ block and 30% site coverage that leaves room for future subdivision or a granny flat. The open-plan layout, covered deck, and large shed appeal to families seeking low-maintenance living with outdoor space, while the FTTP and 5G coverage support remote workers. It best suits an investor or owner-occupier looking for a secure, cash-flow-positive entry into a regional market with stable demand.
The primary risk is the propertyโs location in Moree, a regional centre with limited capital growth compared to metro markets, and the 2013 last sale date suggests minimal recent appreciation. The tenant at $400/week is below the $420/week estimate, meaning a slight upside if re-leased, but vacancy risk in a small town is real. The lack of bushfire, flood, or heritage overlays reduces insurance costs, and the shed adds practical value. Hold for rental income and consider a future subdivision application to unlock land value.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Moree presents as an affordable regional entry point with a stable family-oriented demographic, where demand is driven by professionals seeking value. Recent price growth has been robust, reflecting a tight sales market with varying days on market across housing types. Future momentum hinges on sustained household income growth, though the market remains sensitive to broader interest rate movements and constrained listing volumes.