138 Wingewarra Street, Dubbo NSW 2830
138 Wingewarra Street, Dubbo NSW 2830
746m² block | 3 bed, 1 bath | government tenant in place | central Dubbo convenience | enclosed yard
This property offers a genuinely useful combination in central Dubbo: a detached house on a larger-than-usual 746m² block, with two carports and a fully enclosed backyard. The interior is described as semi-updated, which means it is liveable without being a full renovation project. Its strongest feature is the existing lease to a government organisation. That provides an income stream from a reliable payer and reduces vacancy risk, which a private landlord would find difficult to secure alone. For an investor wanting a central, low-hassle holding, or a family who values proximity to shops, schools, and amenities over prestige finishes, this house fits a practical niche that is uncommon in Dubbo’s tighter central stock.
The value picture may be shaped by the semi-updated condition and the tenancy itself. A government lease often brings stability but might come with a rent below market peak, and the new owner would need to review the current rental terms before assuming upside. The land size is meaningfully above nearby detached houses on the same street, which could support future extension or subdivision potential, though zoning and council rules are not confirmed. The central mixed-use corridor might also influence price, since the area balances residential charm with commercial activity, meaning resale appeal could depend on how the street’s character evolves. Buyers should weigh the convenience, the secure income, and the block size against the lack of premium amenity and the modest interior finish.
>> Comparable Sales: 187 Wingewarra Street, 3/1/2 on 650m², marketed around $635k–$665k; 190 Wingewarra Street, 3/1 on 714m², marketed around $665k–$695k | Property Price Band: $700k–$800k | Value Drivers: land size, government tenancy, central Dubbo location
Detailed Independent Property Report prepared by PropCred Analyst team for 138 Wingewarra Street, Dubbo NSW 2830
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
URL has been copied successfully!
Market Insight
Dubbo’s house market holds a median of $627,100, with 9.44% annual growth, though 2026 sales at $682,500 show momentum above long-term trend. Houses sell in 31 days, driven by families, first-home buyers, and investors attracted by affordable entry and gross yields of 4.81% for houses and 5.94% for units. Units lag at $335,000 with 0.75% growth, while weekly rents are $550 and $398 respectively. The 1,000 annual house sales indicate a deep market, but the overvalued assessment suggests price gains are increasingly constrained by affordability.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
752m²
URL has been copied successfully!