188 Peel Street, Bathurst NSW 2795
188 Peel Street, Bathurst NSW 2795
Compact inner-city house | 2-bed, 1-bath, 1-car | 126 m² internal, 356 m² land | Modest, older build with rental appeal | Central Bathurst convenience
This property holds a quiet advantage for its size class: a genuinely central Peel Street position on a compact block, with a practical two-bedroom layout that suits first-time buyers, downsizers, or investors seeking low-maintenance living close to the CBD. Its 126 m² internal area is efficient rather than spacious, and the recorded built-in robes and heating suggest a habitable, if not flashy, interior. The estimated rent of $495 per week points to steady tenant demand, driven by proximity to schools, services, and transport. For a buyer wanting an established house with modest upkeep and solid rental fundamentals, this is a sensible entry point into Bathurst’s inner ring, where character homes are often renovated or held for income. The smaller land parcel limits expansion but keeps the purchase price accessible compared to larger holdings nearby.
Value may be influenced by the property’s older fabric and the need for updates to kitchen or bathroom, which are not confirmed in available details. Condition and presentation will likely drive buyer interest more than land size, given the compact site. The lack of modern amenities like air conditioning or a renovated interior might narrow appeal to those comfortable with a project or willing to invest in improvements. The 3.85% yield is moderate, so capital growth potential depends on street-level demand and any incremental upgrades. A buyer should weigh renovation costs against the property’s central convenience, as improved finishes could lift rental income and resale appeal, while leaving it untouched may cap price growth.
Detailed Independent Property Report prepared by PropCred Analyst team for 188 Peel Street, Bathurst NSW 2795
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
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Market Insight
Bathurst, in the Central Tablelands of NSW, presents a balanced market near its long-term trend, with 26 active agencies signalling steady turnover. Houses average $680,000–$695,000, up 7.3% over the past year but a more moderate 3.19% annually, while units sit near $460,000–$485,000 with minimal growth. Demand is anchored by buyers seeking historical charm and modern amenity, though household income runs 15.7% below regional NSW, capping affordability. Rental yields are stronger for units at 4.89% versus houses at 4.39%, with median unit rent of $420 weekly. Houses take roughly 75 days to sell, and annual sales volume of 167–179 indicates liquid but not overheated conditions. Future growth relies on interest-rate sensitivity and economic momentum, with a 43/100 boomscore classifying the market as healthy rather than speculative; affordability remains the chief constraint, tempering price acceleration.
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PropCred Estimated Value
Comparable Sales: 288 Peel Street sold $650,000 in 2019; 163 Peel Street listed $395,000 | Property Price Band: $600K–$700K | Value Drivers: Condition, central location, land size
Bedrooms
2
Bathroom
1
Parking
1
Land
357m²
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