19/24 Gipps Street, Taree NSW 2430

Villa in 11-unit strata | Flood overlay present | Near three schools | 6.1% estimated yield This two-bedroom villa presents a competitively priced entry into a well-located Taree complex, serving the investor or downsizer seeking yield and convenience over capital growth. Its prime strength is proximity to three schools within 500 metres, generating consistent rental demand from families, while the single-level strata format offers low-maintenance appeal. The estimated rental yield is strong for the region, positioning this unit as a cash-flow focused purchase rather than a land-bank investment. The flood overlay imposes a material risk, likely constraining capital appreciation and potentially increasing insurance premiums, which directly erodes returns. The recent sale of an identical unit in the complex for $355,000 provides a credible benchmark, suggesting the estimated value is reasonable. Acquire this property with a multi-year hold strategy to realise its income potential, but accept that the overlay and strata structure limit its long-term growth profile against freestanding houses. Recent comparable sales within the complex provide a clear value anchor: – 11/24 Gipps Street (2 bed, 1 bath): Sold for $355,000. – 6/24 Gipps Street (3 bed, 1 bath): Sold for $325,000 in May 2024. This data confirms the subject property’s configuration commands a premium, with the two-bedroom layout demonstrating stronger market appeal than the older three-bedroom sale.