345 Powell Street, Grafton NSW 2460
345 Powell Street, Grafton NSW 2460
detached house | 3 bedrooms, 1 bathroom | ~720m² block | polished floors & fresh paint | strong rental yield
This is a competitively strong older-style house that has been thoughtfully refreshed, not just maintained. The combination of polished timber floors, fresh paint, and rejuvenated cabinetry lifts its presentation well above typical tired stock in this price bracket, while the substantial 720m² block with established gardens and a workshop in the garage adds genuine utility. It sits comfortably in a popular residential pocket of Grafton, serving buyers who want a move-in-ready home with space for children, pets, or gardening without needing immediate renovation. The configuration of three bedrooms, one bathroom, and multiple car spaces on a mid-sized block is standard for the suburb, but the recent cosmetic upgrades and secure fenced yard make it stand out for families or investors seeking reliable rental appeal with a gross yield around 5.1–5.3% based on the quoted rental appraisal.
Several factors may materially affect how this property is valued. The house is not a new build and lacks premium architectural finishes, so its price ceiling is tied to land size and presentation rather than modern construction. The asking price sits above a third-party estimate, meaning the vendor may be factoring in the cosmetic improvements and current market conditions, which could narrow negotiation room. The second toilet and workshop are practical advantages, but the single bathroom may limit appeal for larger families. Buyers should weigh the established gardens and secure yard against the absence of high-end amenities, and consider that the property’s value is likely driven by land and location rather than the dwelling itself.
Detailed Independent Property Report prepared by PropCred Analyst team for 345 Powell Street, Grafton NSW 2460
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Grafton is a well-established regional hub with strong infrastructure and lifestyle appeal. Demand is anchored by mature owner-occupiers, creating a stable market with recent price growth reflecting a return to its solid long-term trend. This stability is supported by balanced supply and diverse housing options. Future performance will hinge on maintaining this equilibrium and the suburb’s appeal to its core demographic.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
723m²
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