36 Elwin Street, Narrandera NSW 2700
36 Elwin Street, Narrandera NSW 2700
3 bedrooms, 1 bathroom, no parking, built 1930, 114m² internal on 1008m² land. A renovator’s special in a sought-after pocket of Narrandera, with development potential subject to council approval.
What is competitively strong here is the land. At over a thousand square metres in a central location near the hospital, school, and shops, the parcel itself holds the majority of the value. The house is old and untouched, which is precisely the point. For a renovator or investor, this represents a low-entry cost into a suburb where larger blocks are becoming less common. The property sits well within the suburb’s established residential fabric, not on a fringe. It serves best those who see the structure as secondary to the land and are prepared to invest in bringing the building up to standard. The lack of parking is a constraint but not a dealbreaker for the right buyer.
What might affect value is the age and condition of the 1930s build. A property of this era often requires significant structural and services upgrades, not just cosmetic work. The absence of dedicated parking could narrow the buyer pool, particularly for families or tenants who need a car. Development potential is noted but remains subject to council approval, which introduces uncertainty around what can actually be achieved. On the upside, the low entry price leaves room for renovation costs without overcapitalising. A buyer should weigh the cost of bringing the house to a livable standard against the land’s underlying value and the local demand for improved stock.
Detailed Independent Property Report prepared by PropCred Analyst team for 36 Elwin Street, Narrandera NSW 2700
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
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Market Insight
Narrandera is a small agricultural town with limited housing demand outside the local population. The market is thin, with low transaction volumes and minimal external migration. Employment is concentrated in farming and local services. Infrastructure is basic. Price growth is generally flat with occasional small movements.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
-
Land
1008m²
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