1 Hughes Street, Narrogin WA 6312

1 Hughes Street, Narrogin WA 6312
30% site coverage | 1977 structure | solar upgrade | offered without schedule | no rental comps | The property’s 28% building coverage on a 900mΒ² block leaves the buyer with a usable yardβ€”but the 1977 brick construction and single-bathroom layout introduce capital risk if reconfiguration is needed. The solar system offsets utility costs, though without rental history or recent comparable sales, the pricing gap between the $350,000 offer level and the estimated $300,000 bracket suggests the buyer is paying a premium for lot size and shed capacity rather than structural condition. This house holds best as a long-term hold for an owner-occupier who values workshop space over renovation necessity. The 900mΒ² lot with side access and a large shed is rare in this price band, giving the buyer leverage for hobby or trade use that most 3-bedroom houses cannot match. The open-plan layout and modern laminate flooring reduce immediate fit-out costs, while the fixed wireless NBN is adequate for standard home office use. This property suits a first-home buyer or downsizer who prioritises land utility and low-maintenance living over contemporary finishesβ€”competition is likely lower because inspections are by appointment only, which can be turned into a negotiating advantage. Comparable sales absent from search results; the one recorded transactionβ€”15 years ago at $148,000β€”has no current weight. The suburb’s 37.7% growth and 6.6% rental yield signal market support, but without recent trades, the buyer must rely on a formal appraisal to anchor their offer.

Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ 

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Market Insight:

Narrogin is a tightly held regional market experiencing exceptional price momentum, driven by strong investor demand for high-yielding houses. Properties transact rapidly, reflecting a significant supply constraint against consistent buyer activity. This robust demand is underpinned by compelling rental returns, though the market’s limited diversity and low listing volumes present a concentration risk to future stability.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

1

Land

900mΒ²

Assessments Delivered Today

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