3 Wattle Avenue, Orange NSW 2800

3 Wattle Avenue, Orange NSW 2800
4 bed, 2 bath, 2 car garage plus carports | ~900m² level block | tenant at $580/wk until Dec 2026 | renovated kitchen, solar, gas heating | quiet street near schools and CBD This house offers a rare combination of scale and move-in readiness. The level 898m² block is larger than most family stock in Orange, and the four-bedroom, two-bathroom layout with dual living zones and extensive parking (garage plus two carports) gives it genuine flexibility for families or those needing workshop or trailer space. The renovated kitchen, fresh paint, new carpet, and 4.5kW solar system mean minimal immediate work, while gas heating and split-system air conditioning cover year-round comfort. Its position on a quiet, established street within walking distance of Calare Public School and Orange High School makes it particularly suited to families seeking a long-term home, though the existing lease at $580 per week also appeals to investors wanting immediate, secure rental income. The property’s value may be shaped by nearby densification, as a proposed two-storey unit development on the same street could gradually alter the streetscape character. The tenant in place until December 2026 provides income certainty but may limit an owner-occupier’s ability to move in quickly. The level block and substantial improvements suggest strong appeal, yet the lack of verified aspect data means orientation should be checked on site. Buyers might weigh the benefit of immediate rental return against the potential for future capital growth in a suburb showing clear redevelopment pressure. || Comparable Sales: 31 Matthews Ave sold $545k (Sep 2024); 3 Waratah Ave sold $530k (Jun 2021) | Property Price Band: $600K–$700K | Value Drivers: land size, renovated condition, tenant income, parking capacity
Detailed Independent Property Report prepared  by PropCred Analyst team for 3 Wattle Avenue, Orange NSW 2800
Checks found:
Value Risk
Liquidity Risk
Planning Risk 2
Income Risk 2
Execution Risk ! 1
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Market Insight

Orange presents a compelling blend of regional lifestyle and professional appeal, attracting families seeking a balanced environment. Demand is driven by this demographic, supported by a robust rental market and a vibrant local economy. Recent price momentum reflects strong buyer competition, with houses moving steadily and units showing particular vigour. Future growth is underpinned by planned residential developments, though the immediate supply constraint continues to support market conditions.
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PropCred Estimated Value

Comparable Sales: 31 Matthews Ave sold $545k (Sep 2024); 3 Waratah Ave sold $530k (Jun 2021) | Property Price Band: $600K–$700K | Value Drivers: land size, renovated condition, tenant income, parking capacity

Bedrooms

4

Bathroom

2

Parking

4

Land

898m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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