4/99A Alice Street, Grafton NSW 2460

Low-set brick unit | 3-bed 2-bath double garage | 309m² block flood overlay | 100% owner-occupied complex | Master with ensuite and deck access This property offers a rare configuration in Grafton’s unit market: a low-set brick three-bedroom with two bathrooms, a double garage, and private rear deck on a 309m² block. The 100% owner-occupied complex of five units signals low turnover and stable neighbours, which reduces rental churn risk and appeals to owner-occupiers seeking a quiet, off-road position. The master ensuite and separate laundry add convenience for downsizers or small families, while the open-plan living opening to the deck extends usable space. For a buyer, this unit competes on layout and privacy rather than price alone, and suits those prioritising long-term hold over flipping. The flood and heritage overlays are the primary risks, potentially affecting insurance premiums and future renovation approvals. However, the property sits off the road and no specific impact details are available, so due diligence on council flood maps is essential. The median unit price of $505k and recent $501k sale provide a realistic entry point, and the estimated $560/week rental yield supports a buy-and-hold strategy if owner-occupation is not immediate. Use this property as a low-maintenance base or steady rental income stream in a tight complex.