28 Tempest Street, Gunnedah NSW 2380

Flood overlay present | NBN Fibre to the Node | 1920s build age | Premium for condition The flood overlay is the primary risk, likely increasing insurance premiums by 20-30% annually and potentially complicating mortgage approval with some lenders. The house’s age and moderate land size limit redevelopment upside; the value is in its walkability and updated interior. For a buyer, this property functions best as a low-maintenance, entry-level rental yielding approximately 6% gross, or a starter home with limited capital growth. What is competitively strong here is the immediate occupancy condition, new carpet, and split-system air conditioning, which reduce initial capital outlay for an investor. The key features—functional kitchen and fenced yard—minimise vacancy risk in the rental market and appeal to small families or tenants. This property suits an investor seeking cash flow, not capital appreciation, or a first-home buyer prioritising move-in readiness over land bank. To validate insurance costs, obtain a certified flood report, then proceed with an offer based on rental return verification.