13 Wattle Cres Moree NSW 2400

3 bed on large 1148m² lot | 6 car spaces | high rental yield potential | Moree NSW This house presents a clear value proposition through its substantial land component and functional layout, suited for buyers seeking a low-cost entry into the market or a straightforward rental investment. The six car spaces and large lot are competitively strong for the price point, serving practical buyers or investors who value utility over finishes. Its configuration supports extended family living, work-from-home arrangements, or vehicle storage, positioning it as a pragmatic holding. The primary risk is market depth in Moree, where demand signals and comparable sales data are absent, making precise valuation difficult and potentially impacting resale liquidity. The opportunity lies in securing a high-yielding rental property, with the gross yield near 7% providing a commercial logic for income-focused investors. Treat this as a long-term hold to mitigate locality risk, and utilise a Propcred report to validate the current asking price against true market movements and uncover any hidden locality or insurance exposures. Sold for $290,000 in May 2023. This recent sale, slightly below the current estimated range, suggests the vendor may have acquired it below market value, indicating potential for immediate equity gain if the current valuation is accurate.