54-56 Pullaming Street, Curlewis NSW 2381
54-56 Pullaming Street, Curlewis NSW 2381
Large 2,023 m² block | double-brick construction | leased at $410/week | detached house in low-density Curlewis | investor or developer focus
This property’s competitive edge lies in its rare combination of size and solidity. A 2,023 m² block in a suburb dominated by detached housing is materially larger than typical local holdings, giving it a spatial advantage that most nearby homes cannot match. The double-brick build, inside and out, suggests durability and lower ongoing maintenance, which appeals strongly to investors seeking a long-term hold. Its existing lease at $410 per week provides immediate rental income, well above the suburb’s median, signalling that the house commands a premium in the local market. The property is best suited to a buyer who values land content and structural integrity over cosmetic finish, and who sees potential in either holding for rental yield or exploring future development options on the large lot.
The property’s value may be shaped by its age and condition, as no build year or renovation details are confirmed, meaning the buyer should factor in potential updates to kitchens, bathrooms, or roofing. The large land size might also attract interest from developers, but zoning and subdivision feasibility are not verified, so the buyer should treat future potential as an opportunity rather than a certainty. Rental income is a clear positive, yet the suburb’s modest median rent suggests that achieving a higher yield may depend on maintaining the current tenant and limiting vacancy. The house’s straightforward layout and solid construction may support value, but presentation and any deferred maintenance could influence how the market prices it against similar offerings.
|| Comparable Sales: 63 Pullaming Street sold at $425,000–$445,000; 43 Pullaming Street sold at $450,000–$475,000 | Property Price Band: $450,000–$550,000 | Value Drivers: land size, double-brick condition, existing rental income
Detailed Independent Property Report prepared by PropCred Analyst team for 54-56 Pullaming Street, Curlewis NSW 2381
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Curlewis is a thin inland market in the Gunnedah Shire, where a low population base and limited turnover define the environment. Demand is driven by local owner-occupiers and rural lifestyle buyers drawn to affordability relative to larger centres, with investor participation shallow. The median house price has recorded a strong recent uplift, supported by limited stock and a small number of sales within a short period. Future growth drivers centre on regional affordability and agricultural employment links, but key risks include low liquidity, uneven supply, and sensitivity to interest rate movements in a price-conscious buyer pool.
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PropCred Estimated Value
Comparable Sales: 63 Pullaming Street sold at $425,000–$445,000; 43 Pullaming Street sold at $450,000–$475,000 | Property Price Band: $450,000–$550,000 | Value Drivers: land size, double-brick condition, existing rental income
Bedrooms
3
Bathroom
1
Parking
1
Land
2023m²
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