13/215 Prince Street, Grafton NSW 2460

13/215 Prince Street, Grafton NSW 2460
Updated 2-bed unit | central Grafton high-rise | strong rental yield | flood overlay present This unit offers a rare combination of central convenience and affordable entry in Grafton’s only high-rise residential building. The 50-square-metre floorplan, while compact, has been refreshed with new carpet and air-conditioning, making it immediately habitable for an owner-occupier or tenant. For an investor, the estimated $370 per week rent against a $280,000 asking price points to a gross yield near 6.9 percent, which is competitive for the area. The property is best suited to a buyer prioritising low-maintenance living, rental return, or a foothold in a central location with school catchment advantages. The flood, heritage, and bushfire overlays are the primary risks here, as they may increase insurance premiums and restrict future alterations. The small internal size also limits appeal for families or those seeking space. However, these constraints are partially offset by the building’s elevated position and the unit’s updated condition, which reduces immediate capital outlay. A buyer should verify strata fees, building insurance history, and any special levies before proceeding, as these will directly affect net returns.
Detailed Independent Property Report prepared  by PropCred Analyst team for 13/215 Prince Street, Grafton NSW 2460
Checks found:
Value Risk
Liquidity Risk 2
Planning Risk
Income Risk
Execution Risk 2
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Market Insight

Grafton is a well-established regional hub with strong infrastructure and lifestyle appeal. Demand is anchored by mature owner-occupiers, creating a stable market with recent price growth reflecting a return to its solid long-term trend. This stability is supported by balanced supply and diverse housing options. Future performance will hinge on maintaining this equilibrium and the suburb’s appeal to its core demographic.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

1

Land

1751m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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