242 Johnston Street, North Tamworth NSW 2340

242 Johnston Street, North Tamworth NSW 2340
242 Johnston Street, Tamworth, is a single-storey 3-bedroom, 1-bathroom house on 582m² of land, built in 1940, with 112m² of internal space and one parking spot. This property is competitively positioned as a well-proportioned 1940s home in a popular growth suburb, offering a solid footprint on a generous lot that is consistent with the area’s established character. Its proximity to Tamworth Base Hospital and Northgate Shopping Centre strengthens its appeal for families seeking convenience and investors looking for renovation potential. The single-storey layout and period-era construction attract buyers who value traditional housing stock over modern infill, making it a strong fit for those wanting a manageable project or a ready-to-occupy home in a stable, well-located neighbourhood. The property’s age may introduce maintenance considerations that could affect its value, such as potential updates to wiring, plumbing, or roofing that are common in 1940s builds. Its single parking space might limit appeal for multi-car households, and the lack of detailed finish information means the condition of interiors could influence price negotiations. Buyers should weigh these factors against the lot size and location, as the property’s ultimate value will depend on how much modernisation is required and whether the current configuration meets their needs.
Detailed Independent Property Report prepared  by PropCred Analyst team for 242 Johnston Street, North Tamworth NSW 2340
Checks found:
Value Risk 2
Liquidity Risk
Planning Risk
Income Risk
Execution Risk
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Market Insight

North Tamworth presents a divergent market, with house values softening while units experience exceptional growth, indicating a clear affordability pivot. Demand is likely driven by yield-focused investors and budget-conscious buyers, attracted by strong rental returns and a more accessible entry point in the unit sector. The extended time houses spend on market contrasts with the unit segment’s vigor, suggesting a two-speed environment. Future performance hinges on this affordability dynamic, though the broader downward trend in house prices presents a near-term risk to capital growth.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

1

Land

582m²

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