164 Murgah Street, Narromine NSW 2821

164 Murgah Street, Narromine NSW 2821
4 bed house on 720sqm | 1990 build | Narromine | updated floorplan | elevated position | FTTP connected This property sits at a clear advantage in Narromineโ€™s market: a genuine four-bedroom, two-bathroom configuration on a full 720sqm block, where the local median for a 4-bed is $555k and the asking range reflects a premium for that extra space and a recent renovation. The 37% building coverage leaves generous outdoor room, and the 240m elevation gives it a subtle topographical edge over flatter blocks nearby. It is best suited to a buyer wanting a move-in ready family home with school catchment access, or an investor targeting long-term owner-occupier demand in a suburb where 85% of properties are owner-occupied and turnover is low. The primary risk is price: the $670kโ€“$737k range sits well above the suburb median and above most recent sales on Murgah Street, so the buyer is paying for the upgrade and the scarcity of a 4/2 floorplan, not for land value alone. No flood or heritage overlays reduce holding risk, but the 1990 build means older roof and services may need attention within five years. The opportunity is to negotiate from the lower end of the range, given 47 days average on market and zero auction clearance locally โ€” patience here is leverage. Hold for steady rental demand in a low-turnover town, or occupy and benefit from the school catchment.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 164 Murgah Street, Narromine NSW 2821
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Market Insight:

Narromine presents as a stable regional market, appealing to middle-income buyers seeking affordability within a long-established community. Demand is driven by this value proposition, supporting consistent price growth. The market demonstrates balanced conditions with steady sales activity, though its regional nature ties its stability to broader economic factors, presenting a measured outlook for future performance.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

1

Land

720mยฒ

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