20 Dunoon Street, Taree NSW 2430

20 Dunoon Street, Taree NSW 2430
3 bed, 1 bath, 2 car | Brick and tile on 587m² | Affordable detached house | Established suburban street | Yield near 6% possible This property is a straightforward, entry-level detached house in an established part of Taree. The brick-and-tile construction and single-level layout are durable and low maintenance, which tends to appeal strongly to first-home buyers, downsizers, and investors seeking yield rather than capital growth. The 587m² block is a functional suburban size, offering modest outdoor space without the upkeep of a larger parcel. The reported rental estimate of $480–$500 per week, if achieved, would produce a gross yield in the range of 5.8% to 6.4%, which is competitive for a regional market and suggests reasonable tenant demand for this configuration. The house serves best as an affordable owner-occupied home or a reliable rental property in a stable regional centre. The single bathroom is a real constraint for a three-bedroom house, and it may limit appeal to families or tenants who prioritise convenience. The absence of any confirmed renovation history or modern finishes means the interior condition is an unknown, and any deferred maintenance could affect the price a buyer is willing to pay. The 2005 sale price of $142,000 is too old to inform current value, and the conflicting land size of 584m² versus 587m² is minor but worth verifying with a survey. The asking range of $409,000–$429,000 appears reasonable for an older brick-and-tile house on a standard block, but without recent comparable sales, a buyer should proceed with caution and secure independent valuation advice before committing.
Detailed Independent Property Report prepared  by PropCred Analyst team for 20 Dunoon Street, Taree NSW 2430
Checks found:
Value Risk 2
Liquidity Risk
Planning Risk
Income Risk ! 1
Execution Risk 2
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Market Insight

Taree is positioned as an accessible coastal hub attracting families, first-home buyers, and downsizers. Demand is driven by its relative affordability and lifestyle appeal, with strong recent price growth reflecting a competitive market. Future growth is underpinned by sustained population gains, though development activity remains measured, presenting a balanced outlook between demand momentum and supply constraints.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

2

Land

587m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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