198 Olive Street, South Albury NSW 2640
198 Olive Street, South Albury NSW 2640
1,083 sqm renovated character house | tight inner-south pocket | timber floors throughout | move-in ready | broad first-home, family and investor appeal
The property is presented as a renovated character house on a rare allotment of 1,083 square metres, located within one of South Albury’s most tightly held and desirable inner-south pockets. Timber floorboards have been carried through the main living areas, and the updating is broad enough for the house to be considered move-in ready, which is not commonly found on blocks of this size. The detached configuration provides genuine flexibility for families needing room to grow, for first-home buyers seeking a finished property, and for investors attracted to a strong land-to-price ratio. Close proximity to Albury’s CBD reinforces its appeal across both owner-occupier and rental demand, and the combination of generous land, updated presentation, and established neighbourhood character positions this property competitively within its segment.
The value of this property may be influenced by the extent of the renovation relative to the original building age, which is not a critical concern if the updates are recent and structurally sound. Land size is a meaningful driver, and the 1,083 square metre allotment may support future options such as subdivision or a second dwelling, subject to council planning. The level of modernisation should be weighed against the older housing stock typical of the area, where dual-occupancy potential is present on some properties. The final price might be shaped by the relative weighting given to the large land component versus the existing dwelling’s finish and layout.
>> Comparable Sales: 189 Olive Street (dual-occupancy, 758 sqm) sold at $720,000 | 191 Olive Street (4-bed, 759 sqm) sold at $680,000 | Property Price Band: $750K to $850K | Value Drivers: land size, renovation quality, CBD proximity
Detailed Independent Property Report prepared by PropCred Analyst team for 198 Olive Street, South Albury NSW 2640
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
1
URL has been copied successfully!
Market Insight
South Albury, within the Albury 2640 market, is positioned as a regional investment hub with a high rental population and tight vacancy of 2.0%; broader Albury figures are used where suburb-level data are unavailable. Demand is driven by a competitive house rental market, with median house rents rising 5.5% to $580 weekly and rental stock up 4.7%. House values have grown 4.8% annually to $925,000; units rose 1.3% to $457,000. Houses sit on market 72 days, gross yields are 3.6% for houses and 6.0% for units. Supply is the key constraint: only 101 units and 18 houses are ready to sell, against 2,287 vacant lots planned. Roughly $360.3M in projects is scheduled for 2026, supporting short and medium-term price pressure, though rate sensitivity and affordability remain unquantified.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
1083m²
URL has been copied successfully!