216-218 Pell Street, Broken Hill NSW 2880

| Heritage overlay restricts changes | 1499m² lot high upkeep | 3-bed value limited by large block | Rental yield strong at 7.4% | The property carries a heritage overlay, which caps renovation scope and may require council approvals for exterior work, adding cost and delay. The large 1499m² lot increases maintenance burden without proportional value uplift in a market where 3-bedroom houses typically trade around $240k. However, the separate detached space offers flexible income potential as a home office or additional rental, lifting effective yield to over 7% at current rental estimates. This property is best held as a long-term rental with no near-term redevelopment plans. The fully fenced block with multiple car spaces and a backyard suits buyers seeking dual-occupancy or multi-generational living, rare in this price bracket. The detached building and large lot provide optionality not found in standard 3-bed offerings. For investors targeting steady rental cash flow or owner-occupiers wanting space to adapt, this house stands out. Secure finance and confirm heritage overlay specifics to proceed.