36 Middleton Street, Parkes NSW 2870

36 Middleton Street, Parkes NSW 2870
Large 1,186sqm block | quiet cul-de-sac | dual garage plus carport | 3-bedroom Parkes house with auction May 14 This propertyโ€™s primary buying case is its generous land holding on a quiet cul-de-sac, which is uncommon for a standard 3-bedroom house in Parkes. The 1,186sqm site, with only 23% building coverage, offers future subdivision or extension potential that most nearby listings lack. The dual garage and carport configuration provides secure parking for four vehicles, a practical advantage for families or those with recreational gear. Built-in robes, air conditioning, and an open fireplace ensure year-round comfort. The property sits within catchment for Parkes Public and High Schools, suiting families, while the quiet street and reliable NBN/5G connectivity appeal to remote workers. This house best serves a buyer seeking land value and long-term flexibility rather than a turnkey finish. The key risk is the propertyโ€™s age and condition, which may require immediate maintenance or upgrades not reflected in the estimated $485kโ€“$490k value, particularly given the 2012 purchase price of $253k. The auction format on May 14 creates competitive pressure, and the 67-day average days on market in Parkes suggests buyers should set a firm ceiling. However, the land-to-building ratio presents a clear opportunity: holding for rezoning or a future dual-occupancy development could unlock significant equity growth. For a buyer, this property is best held as a long-term land bank with rental income of ~$450 per week offsetting holding costs.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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Market Insight:

Parkes presents as an affordable regional centre attracting families and first-home buyers seeking detached housing, supported by consistent long-term capital growth. Recent market conditions show mixed price signals with houses experiencing some softening while units have seen strong appreciation, indicating segmented demand. The suburb’s future is underpinned by its established appeal and relative affordability, though its current valuation and sensitivity to mortgage rates present a key constraint for new entrants.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

4

Land

1186mยฒ

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