166 Punch Street Gundagai NSW 2722

Modern cottage on 1.93 acres | Beside Jones’ Creek | Walk to main street & high school | No bushfire or flood overlays This property presents a competitively strong proposition for a buyer seeking a low-maintenance rural lifestyle within walking distance of a regional town centre. Its modern construction on a large, unencumbered block with creek frontage is rare for Gundagai, typically offering smaller lots. The house best serves an owner-occupier or investor targeting a specific demographic: those wanting space and tranquility without sacrificing proximity to schools and amenities. The primary risk is the valuation gap, with estimates significantly below the asking price, reflecting the premium for land size over the modest 2-bedroom dwelling. The commercial opportunity lies in the land’s potential for expansion or subdivision, subject to council approval. Consider this property a hold for lifestyle, with a disciplined offer required to account for the limited buyer pool for this configuration. A Propcred report would validate its real market valuation and provide the necessary checks for creek proximity and insurance. The land last sold for $85,000 in July 2020, after which the modern house was built. This historical price anchors the land’s base value, with the current asking price reflecting the full cost of construction and development.