443 Smollett Street, Albury NSW 2640

Central Albury Californian bungalow | 670sqm mixed-use block | 321sqm footprint with renovation scope | period features retained | rear lane access. This property offers a rare combination of size and zoning in a tightly held central location. The 321sqm building footprint on a 670sqm block provides structural scope for a significant renovation or reconfiguration, while the mixed-use zoning introduces optionality beyond standard residential use. The retained leadlight windows, formal lounge, and gas heater signal a period character that is increasingly sought after in this market. For a buyer seeking a long-term hold with immediate rental income potential near $585 per week, the house is already tenable with new split-system units and a security system in place. It suits an owner-occupier wanting to renovate progressively or an investor looking to add value through layout modernisation. The primary risk is the single bathroom, which limits appeal for families and may cap resale growth until addressed. The 1975 construction date places it in an era where asbestos may be present, adding cost and care to any structural work. The current asking range sits above the estimated value, so negotiation room exists. The mixed-use zoning is an advantage but requires council approval for any commercial conversion, which introduces timeline and design risk. The buyer should treat this as a renovation project with a clear budget for a bathroom addition and a pre-purchase asbestos inspection. Hold for medium-term capital growth driven by Albury’s steady demand and the block’s redevelopment optionality.