31 Myrtle Street, Murwillumbah NSW 2484
31 Myrtle Street, Murwillumbah NSW 2484
Elevated 902m² block | out-of-flood position | 3-bed character house | strong land-to-dwelling ratio | suited to renovators or investors.
What stands out here is the land. At 902m² on an elevated street, this property offers a rare combination of space and position for Murwillumbah’s older housing stock. The character features—timber floors, pressed metal ceilings, a fireplace—give it a warmth that newer builds often lack, while the tandem carport and large backyard add practical appeal. It serves best a buyer wanting a detached house with room to improve, whether as a first home with future potential or as a rental with solid land value underneath. The “out of flood” statement is a meaningful advantage in this town, and the elevated street likely provides a sense of openness that flat sites cannot match.
The value here may hinge on how much updating the interior requires, since the listing suggests original character rather than recent renovation. The 2-bedroom rental record for this address is inconsistent with the 3-bed listing, so rental income should be verified independently. Land size compared to the modest house footprint might also imply redevelopment potential, though zoning and planning constraints are unconfirmed. Buyers should weigh the cost of modernising an older home against the benefit of securing a large, dry block in a walkable town location.
|| Comparable Sales: 53 Myrtle Street sold $375,000, 3-bed character on 385m² | Property Price Band: $500,000–$600,000 | Value Drivers: land size, out-of-flood elevation, character condition and renovation scope.
Detailed Independent Property Report prepared by PropCred Analyst team for 31 Myrtle Street, Murwillumbah NSW 2484
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
1
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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: 53 Myrtle Street sold $375,000, 3-bed character on 385m² | Property Price Band: $500,000–$600,000 | Value Drivers: land size, out-of-flood elevation, character condition and renovation scope.
Bedrooms
3
Bathroom
1
Parking
1
Land
902m²
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