325 Fry Street, Grafton NSW 2460

High ceilings and polished floors | 708m² block with flood overlay | Six off-street parking spaces | Auction 27 May 2026 This property’s competitive edge lies in its unusual combination of period character,high ceilings, timber floors, generous room sizes,with exceptional parking capacity for six vehicles, which is rare within Grafton’s residential stock. The 708m² block offers redevelopment optionality without immediate pressure, and the building’s 46% site coverage leaves room for future extension. It best suits a buyer seeking a well-presented home with income potential, as the $460pw median rent supports a conservative yield against the estimated value band, particularly for an owner-occupier who may later lease. The flood overlay is the primary risk and will constrain both finance options and resale pool; buyers should factor elevated insurance premiums and verify historical inundation records before bidding. The conflicting bedroom count and approximate land size variance across sources signal that due diligence on title and physical inspection is non-negotiable. Opportunity lies in the auction format,if bidder turnout is thin due to flood concerns, a disciplined buyer may secure below replacement cost. Hold as a long-term residential investment or improve and sell when market conditions lift.