3/76 River Street, Taree NSW 2430

Two-storey river-view unit | Flood overlay present | 712m² land in apartment zone | Priced above median for Taree This property offers an unusual configuration edge: a two-storey apartment on a full 712m² lot, which is rare for a unit in Taree. The river views, private courtyard, and split-system air conditioning support liveability for downsizers or professionals seeking single-level upper living. The 15.5% annual unit growth in Taree and strong rental yield near 6.5% suggest reasonable demand, though the $470,000 price sits 18% above the local median, meaning the buyer is paying for the land size and layout rather than market momentum. It suits an owner-occupier who values space and outlook over pure investment yield. The flood overlay is the primary risk, and it will constrain resale appeal and insurance costs. Buyers should commission a flood report and factor higher premiums into holding costs. The 1975 build may require near-term maintenance on roof or plumbing, but the brick exterior and hardwood floors are durable. With NBN FTTP and 5G coverage, remote work is viable. This property should be held medium-term, not flipped, and the land component offers optionality for future subdivision if council zoning permits.