26 Riveroak Drive, Murwillumbah NSW 2484
26 Riveroak Drive, Murwillumbah NSW 2484
Large 12,420 m² parcel | 1997 house with solar and air conditioning | Flood and bushfire overlays flagged | Strong rental growth evident | Acreage lifestyle within town reach
This property stands out for its exceptional landholding, roughly ten times the size of typical Riveroak Drive lots, placing it firmly in an acreage-oriented segment rather than standard suburban stock. The late-1990s house, at 170 m² with four bedrooms and two bathrooms, offers practical family accommodation with floorboards and solar PV already in place. Its position near local schools and the township makes it particularly suited to buyers seeking space, privacy, and rural-residential character without sacrificing access to services. The rental history, climbing from $690 to $875 per week over two years, signals genuine demand for this lifestyle offering, appealing to both owner-occupiers and investors.
The flagged flood and bushfire risks may influence insurance costs and lending considerations, potentially narrowing the buyer pool or prompting more cautious offers. The large land area carries ongoing maintenance responsibilities, from grounds upkeep to potential drainage or vegetation management, which should be weighed against the lifestyle benefits. The internal layout and aspect remain unconfirmed, and the property’s true value may hinge on how the usable land sits, whether it offers views, creek frontage, or simply flat, accessible space. Buyers should investigate these site-specific characteristics before forming a price view, as they materially affect the property’s appeal and future resale potential.
Detailed Independent Property Report prepared by PropCred Analyst team for 26 Riveroak Drive, Murwillumbah NSW 2484
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Murwillumbah’s housing market is firmly positioned in an upswing: the median house price of $943,500 is up 9.1% annually, with 128 sales over 12 months and median selling windows of 56 days for 3-bedrooms and 62 for 4-bedrooms. Demand is led by a professional, maturing domestic demographic, evidenced by an 8.3% population rise to 7,616 and the dominant 50-59 age bracket. Rental benchmarks reinforce this: three-bedroom houses draw $763 weekly and four-bedrooms $863. The market’s forward momentum is supported by this buyer profile, though supply and infrastructure data are unavailable to test sustainability.
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PropCred Estimated Value
Comparable Sales: 7 Riveroak Drive sold $1.05M on 1056 m²; 28 Riveroak Drive guided $1.3M–$1.35M on 1099 m² | Property Price Band: $1.4M–$1.5M | Value Drivers: land size, flood risk perception, rental income strength
Bedrooms
4
Bathroom
2
Parking
-
Land
1.24 ha
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