2/3 Ulmarra Close, Harrington NSW 2427

2/3 Ulmarra Close, Harrington NSW 2427
Waterfront townhouse in Harrington Waters Estate | River views on 340mยฒ lot | Off-market with wide valuation spread | Flood overlay present This propertyโ€™s primary strength is its riverfront position within a master-planned estate, offering water views from a compact but usable 340mยฒ lot. For a buyer seeking a low-maintenance coastal retreat with direct access to the Manning River and nearby amenities, this unit provides a rare configurationโ€”most riverfront options in Harrington are larger houses or vacant land. The off-market status suggests a motivated seller or a private negotiation opportunity, which can favour a buyer who moves decisively. It suits downsizers or second-home buyers who value location over internal space, and who are comfortable with a townhouse format. The flood overlay is a material risk, potentially affecting insurance costs and resale liquidity; buyers should verify the overlayโ€™s severity and any required mitigation measures. The wide valuation range ($650kโ€“$935k) signals market uncertainty, meaning a buyer can anchor negotiations toward the lower end if comparable sales are weak. No sales history or construction date is available, so a building and pest inspection is non-negotiable. Hold this property as a lifestyle asset with moderate capital growth tied to the Harrington marketโ€™s demand for waterfront living, not as a high-yield investment.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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Market Insight:

This suburb presents a stable, entry-level market with a clear divergence between its house and unit segments. Recent price trends for houses have softened, reflected in extended selling periods, while the unit market demonstrates stronger momentum with positive growth. Demand appears supported by investors seeking solid rental yields, particularly from units, which offer a compelling income profile. Future growth will hinge on broader economic factors and potential infrastructure improvements, though the current market sensitivity suggests a cautious outlook for house price appreciation in the near term.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

2

Land

340mยฒ

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