274 Bacon Street, Grafton NSW 2460

Move-in ready | flood overlay present | 85pc owner-occupied street | no recent sales record. The flood overlay introduces a tangible risk to both insurability and long-term resale liquidity, which may compress buyer demand and soften future value growth by 5-10 per cent compared to non-flood properties in Grafton. However, the property’s modern layout, low-maintenance 809m² site, and strong owner-occupier street profile offer stable holding fundamentals for a buyer seeking immediate occupancy without major capital outlay. Judgment call: proceed only if flood insurance is confirmed at standard rates and the property is held for at least five years. Competitively, the 256m² building footprint is unusually generous for Grafton, providing spacious interiors and a rare back verandah that appeals to families or downsizers wanting indoor-outdoor flow. The combination of air-conditioned open-plan living, a dedicated study, and Colourbond garage positions this house well against newer stock but below the top end of comparables up to $1.4M. It best serves a buyer who prioritises move-in convenience and street quality over speculative capital growth. To test the flood risk directly, request a full insurance quote before auction day.