104 Diadem Street, Lismore NSW 2480

Solid three-bedder | 563sqm block | Lismore Square opposite | flood overlay flagged | rental yield above 5% This property sits on a competitive edge for the Lismore buyer seeking a functional family home on a full-size block within walking distance of the CBD and shopping. The 172sqm floorplan with two bathrooms and a garage is a practical configuration for a young family or downsizer, and the 30% site coverage leaves room for future landscaping or a shed. The 90% owner-occupier street profile signals stable neighbourhood demand, and the rental estimate of $635 per week offers a genuine yield play for an investor comfortable with holding through flood risk. For the owner-occupier, the location opposite Lismore Square and within 400 metres of a primary school is a rare convenience advantage. The flood overlay is the primary risk and it directly compresses buyer demand and future resale velocity, as reflected in the zero auction clearance rate across Lismore. This overlay is priced into the $500,000 list, which sits below the upper end of the estimated value range, but buyers must factor in higher insurance premiums and restricted lender appetite for flood-affected stock. The opportunity lies in negotiating below list given the seven-day market time and the absence of competitive pressure from other recent sales on street. Hold this property as a long-term residential hold with a view to renovating the interior over time; flood overlay properties in good locations tend to recover value slowly but steadily through the cycle.