3/96 Queen Street Grafton NSW 2460

Entry-level unit in tight Grafton market | Recently listed | Rental yield potential $380-400pw | Brick construction in quiet location This two-bedroom unit on a 2,568 square metre lot represents a compact residential investment suited to first-time buyers, investors seeking modest yield, or downsizers prioritising affordability and low maintenance. The property occupies a quiet cul-de-sac setting, a positioning that typically appeals to buyers seeking residential tranquility without isolation. Brick and tile construction suggests durability and lower ongoing maintenance costs relative to weatherboard alternatives. The 353 square metre building footprint delivers functional rather than expansive living, with an open-plan kitchen, dining and living arrangement enhanced by air conditioning—a practical addition in the regional climate. A single carport and patio area provide basic outdoor utility. The asking range of $340,000 to $350,000 reflects a price point that remains accessible in regional New South Wales, though the recent listing on 13 March indicates fresh market entry. The property last sold in 2022, suggesting potential for modest capital appreciation over the three-year holding period, though this lacks confirmation in available data. A rental appraisal of $380 to $400 weekly indicates a potential gross yield of approximately 5.7 to 6 percent, positioning the asset toward the higher end of regional unit performance. This yield profile typically attracts investor interest where deposit requirements remain manageable and cash flow targets are modest but achievable. Properties of this profile—compact units in established neighbourhoods with basic amenities and rental viability—tend to perform steadily rather than spectacularly in regional markets. They serve as entry points for accumulation rather than premium acquisitions, with appeal grounded in affordability and function rather than lifestyle upgrade. Proximity to local schools and a stable street environment support rental demand among families and professionals, underpinning medium-term hold value.