26 Antill Street, Picton NSW 2571
26 Antill Street, Picton NSW 2571
5 bed/3 bath dual living | recently refreshed | secondary income $380/week | heart of Picton location
This property presents a competitively strong dual-income proposition in a core Picton location, a configuration that is relatively rare for the suburb. The presence of a self-contained secondary quarters, currently generating rental income, materially de-risks holding costs for an owner-occupier or enhances yield for an investor. The recent comprehensive renovation, including new flooring, paint, and a stylish kitchen, positions the house above typical stock, reducing immediate capital expenditure. Its position within the catchment of both Picton Public and Picton High schools, coupled with the absence of planning overlays, creates a straightforward and appealing profile for a family buyer seeking space and flexibility, or an investor targeting long-term tenancy stability.
The primary decision mechanism is the reconciliation of the asking price against the demonstrable rental income and comparable sales, given the Domain estimate sits significantly below the list price. The commercial opportunity lies in securing a turnkey, dual-living property where the secondary income offsets a substantial portion of the mortgage, a logical strategy for either a live-in owner or a pure investor. However, the risk is paying a premium for recent renovations in a market where precise, recent comparable sales data is not publicly detailed in the listing; due diligence must involve validating sold prices for the noted nearby properties on Menangle and Castlereagh Streets. The judgment call is to proceed with an offer anchored by the proven income stream and the property’s functional superiority, but contingent on a independent valuation to bridge the gap between the list price and broader market estimates.
Detailed Independent Property Report prepared by PropCred Analyst team for 26 Antill Street, Picton NSW 2571
Checks found:
Value Risk
✓
Liquidity Risk
✕
2
Planning Risk
✕
2
Income Risk
✓
Execution Risk
✓
Market Insight
Picton is a historic town attracting a mix of families and professionals, with demand driven by its relative affordability and lifestyle appeal. The market is predominantly owner-occupied, showing strong recent capital growth across housing types. Future appreciation is supported by steady demographic demand, though its lower proportion of strata stock and sensitivity to broader market conditions present inherent constraints.
PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
-
Land
702m²
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