7/13 Summerville Street, Wingham NSW 2429
7/13 Summerville Street, Wingham NSW 2429
2-bed unit rear complex | 1982 build 98sqm | quiet Wingham position | low-maintenance with parking and deck
This unit offers a rare combination of a rear position within a small complex, providing privacy and noise reduction that is uncommon for a 1982 build. The 98sqm floorplan is generous for a two-bedroom unit, and the secure parking with carport and deck extends usable outdoor space. Air conditioning and FTTP add practical comfort, making this a strong option for an owner-occupier seeking a lock-and-leave home or a downsizer wanting single-level living without strata compromises. The buyer gains a property that competes on space and quietness, not flash.
The main risk is the aged 1982 construction, which may require future capital works for common property maintenance, though no overlays or flood constraints are flagged. The unit sits below the suburb median, reflecting its older stock and rear position, but the land component of 1752sqm for the complex limits future subdivision potential. The opportunity is rental yield at $330 per week against a $305k entry, giving a gross return near 5.6 percent. Hold for steady rental income or occupy for low-cost living in a stable regional market.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 7/13 Summerville Street, Wingham NSW 2429
Market Insight:
Wingham presents as an affordable regional market with strong recent house price growth, driven by active local sales and supported by solid rental yields and low vacancy. Demand appears robust, evidenced by consistent sales volumes and competitive days on market, though a recent increase in stock suggests a potential shift in conditions. Future growth is underpinned by its relative affordability, yet the market faces constraints from limited unit stock and sensitivity to broader regional supply dynamics.