1 Jeffery Street, Cobar NSW 2835

3 bed, 1 bath, 2 toilets | 746m² block, 31% coverage | Undercover entertaining, wood fire | 0.3km to high school, golf course The house is competitively positioned as a rare, low-maintenance entry point in a suburb where median values rose 55% year-on-year. Its 746m² block with only 31% building coverage offers significant land-to-improvement ratio, and the fresh kitchen, modern bathroom, and wood fire reduce immediate capital outlay for a buyer. This property best serves an owner-occupier seeking a turnkey home with yard space, or an investor targeting the strong 8%+ gross yield suburb-wide, given it is already tenanted at $350 per week. The key risk is the property’s 1960 build and single bathroom, which may limit appeal to families and cap long-term capital growth relative to newer stock. The buyer absorbs this cost as a discount on entry price, while the opportunity lies in the 746m² block’s subdividable potential under Cobar Shire’s 31% coverage rule,a future value unlock not priced into the current listing. Hold this property for rental income and land appreciation, or consider a medium-term subdivision play.