2/169 Pound Street, Grafton NSW 2460
2/169 Pound Street, Grafton NSW 2460
Compact 1-bed house on 81 m² | Air conditioning and single garage | Rental appraisal supports investor demand | Entry-level price point in Grafton.
This property holds a clear competitive edge for buyers seeking a low-maintenance, affordable foothold in Grafton. Its compact footprint and single-level configuration make it ideal for first-home buyers, downsizers, or investors targeting steady rental returns. The presence of air conditioning and a garage, though modest, adds practical comfort and storage rarely found in entry-level stock. Its size positions it as a simpler alternative to larger family homes, offering lower upkeep and running costs. The rental appraisal of $320–$340 per week suggests genuine income potential, which strengthens its appeal to investors.
The very small land size may limit future extension potential and could affect resale appeal for buyers prioritising outdoor space. The property’s value might be influenced by its dated condition or lack of modern finishes, though no specific details confirm this. Its position within a mixed streetscape of compact dwellings could mean less privacy or quieter appeal than larger parcels. Buyers should weigh the trade-off between affordability and long-term capital growth, as smaller lots often appreciate slower than conventional houses. Market timing and local demand for entry-level homes may also shape final price outcomes.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/169 Pound Street, Grafton NSW 2460
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Grafton, a regional NSW hub on the Pacific Highway, posts a balanced market with 229 house sales annually and a 42-day median listing time. House prices have risen 10% over the year to $550,000, with gross yields at 5.59% for houses and 5.73% for units; the unit segment, at $400,000, has grown 7.82%. Demand is driven mainly by childless couples and the 60–69 age cohort, many in community and personal services, with 62.7% owner-occupancy indicating stable, long-hold buyers. A 10-year CAGR of 7.0% and extensive parkland covering 8.1% of the suburb support steady appreciation. Key constraints are limited public transport data and fair-value pricing; no vacancy or school catchment metrics were available.
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PropCred Estimated Value
Comparable Sales: 2/192 Pound Street sold at $317,000; 1/169 Pound Street guided near $370,000–$390,000 | Property Price Band: $300,000–$400,000 | Value Drivers: Condition, land size, rental yield potential
Bedrooms
2
Bathroom
1
Parking
1
Land
1175m²
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