104 Beryl Street, Broken Hill NSW 2880

Large block with 3-car garage | Heritage overlay | Central location | High rental yield potential This property presents a competitively strong proposition based on its substantial landholding and functional configuration within a central location. The 1031m² block offers significant scarcity value, providing ample space for storage, shedding, or future outdoor use, which is rare for a two-bedroom house. The inclusion of three secure garage spaces substantially enhances utility and appeal for tradespeople, small business operators, or tenants requiring vehicle storage. The detected solar panels and split-system climate control represent practical, cost-saving installations for an owner-occupier or that reduce holding costs for an investor. This house serves a buyer seeking a low-cost entry into the market with a high-yielding investment or a functional, large-block residential opportunity, further supported by its catchment for local public schools. Proceed with the clear understanding that the heritage overlay introduces a material risk, imposing constraints and potential costs on any future renovation or redevelopment, directly limiting capital improvement pathways. The withdrawn and recent sale history indicates a market with limited liquidity, which can challenge resale and necessitate a longer holding period. However, the calculated gross rental yield of approximately 14.6% provides a compelling commercial logic for a cash-flow focused investor, effectively offsetting holding costs. The judgment is that this property is best held as a long-term, yield-generating investment for a portfolio tolerant of low growth, rather than a short-term capital gains play. Due diligence must prioritize a thorough review of the specific heritage controls with the local council. A relevant comparable sale is 104-106 Beryl Street, a two-bedroom, one-bathroom house on a combined lot, which sold in March 2020. This indicates the area has supported sales of similar configurations, though the data is not recent. For this specific house, the current estimated value range appears credible against its last listed price, but the lack of fresh, direct comparables underscores the importance of a precise, contemporary valuation to anchor your offer.