150 Logan Street, Tenterfield NSW 2372

Tenant in place | $25,480 income fixed | 6 days on market | Price above $588k estimate | 85% owner-occupied street The property carries a clear affordability gap. At $699,000 asking, it sits $111,000 above the estimated value of $588,000, which historically signals a buyer paying for future growth that may not materialise. The existing tenancy at $25,480 annually yields a gross return just under 3.7% at asking price, acceptable but not exceptional for a regional house. Given Tenterfield’s four-bedroom median of $708k and 83-day average days on market, this listing is priced competitively but not aggressively. The risk is paying near the market peak for a house that last traded in 2021, without recent sales data to validate the jump. The opportunity is securing a tenanted property in a stable owner-occupied street, where 85% of neighbours hold long-term equity. The judgment: proceed only if you can negotiate toward $640k~$660k, or if you plan to occupy and hold for five years to absorb the premium. The house’s competitive position rests on its school catchment access, with Tenterfield High School 0.5 kilometres away and two primary schools within one kilometre. For a family buyer, this creates a daily logistics advantage rarely found in regional markets. The 885–903 square metre lot offers room for a shed, garden, or subdivision potential—something that appeals to owner-occupiers over investors. The property serves best a buyer who values school proximity and long-term land holding over immediate yield. To proceed with confidence, request the full sales history and a current rental appraisal direct from the agent, then benchmark against the 25 four-bedroom houses already sold in Tenterfield this year.