124 Macintyre Street, Inverell NSW 2360
124 Macintyre Street, Inverell NSW 2360
3 bed family house | 614 m² block | 3 car spaces | $349k asking | central Inverell position
This house offers a practical, entry-level configuration that suits first-home buyers, small families, or investors seeking affordable regional exposure. The three-car accommodation is a genuine edge for a property at this price point, adding utility for tradespeople, caravan owners, or households with multiple vehicles. Sitting on a 614 m² block, it provides manageable outdoor space without excessive upkeep, and its central street location places it within reasonable reach of Inverell’s schools, retail, and river precinct. The property competes well against other detached houses in the area, where demand is driven by budget-conscious owner-occupiers and yield-focused investors. It serves best those wanting a solid, low-frills house with room to add value through cosmetic updates or minor improvements.
The asking price sits within a competitive band for Inverell’s house market, where recent sales have ranged broadly from $180,000 to over $400,000 for standard dwellings. The lack of confirmed detail on interior condition, build age, or renovations means the final value may hinge on how the house presents upon inspection. If the interior is dated or requires work, buyers might factor in $10,000–$30,000 for updates; if it is move-in ready, the price could justify a quicker decision. The 614 m² block is not oversized, so expansion potential is limited, but the three-car garage adds functional value that many comparable houses lack. Rental demand in the area appears steady, with nearby houses estimating around $440 per week, which may support a reasonable investment return.
|| Comparable Sales: 2 Wade Street sold region $401k; nearby houses $350k–$410k | Property Price Band: $300k–$400k | Value Drivers: three-car accommodation, central location, land size and condition upon inspection.
Detailed Independent Property Report prepared by PropCred Analyst team for 124 Macintyre Street, Inverell NSW 2360
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
2
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Market Insight
Inverell presents as an affordable and established regional centre, with a market anchored by a high rate of owner-occupation and a mature demographic profile. Demand is driven by downsizers and childless couples, supported by a stable, outright ownership base. Recent price growth has been robust, reflecting strong capital appreciation over the medium term, though current market conditions show a balanced pace of sales. Future growth is underpinned by sustained affordability relative to the state, while key constraints include a limited unit market and sensitivity to broader economic factors influencing regional investment.
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PropCred Estimated Value
Comparable Sales: 2 Wade Street sold region $401k; nearby houses $350k–$410k | Property Price Band: $300k–$400k | Value Drivers: three-car accommodation, central location, land size and condition upon inspection.
Bedrooms
3
Bathroom
1
Parking
3
Land
614m²
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