204 Mitre Street West Bathurst NSW 2795

3 bed house on 440m² lot | Heritage overlay | Close to schools & shops | Strong rental demand This property presents a competitively strong, well-maintained house on a substantial block within a convenient location. Its heritage overlay suggests established neighbourhood character, while the configuration aligns with core rental demand, serving an investor seeking a stable, low-maintenance entry into the Bathurst market or an owner-occupier prioritizing space and proximity to amenities over modern finishes. The primary risk is valuation compression against the guide, given the limited comparable sales data and the potential cost implications of the heritage overlay for renovations. The opportunity lies in securing a functional house in a high-demand rental precinct. Acquire at or below the lower guide with a focus on building and pest inspections. Propcred can precisely benchmark this property against off-market sales and assess locality-specific risks like heritage compliance and insurance. Recent comparable sales are limited. The off-market sale of 200 Mitre Street at an estimated $535,000 provides a relevant but not definitive benchmark, indicating the need for cautious valuation against the current asking range.