385 Iodide Street, Broken Hill NSW 2880

Stone cottage on 853m² | North Broken Hill | Heritage overlay | Auction 30 May 2026 This stone cottage sits on one of the larger blocks in north Broken Hill, where land above 800m² is uncommon and the suburb has seen 20% growth. The 210m² footprint gives genuine space for a family, and the combination of wood heating, evaporative cooling, and reverse-cycle air conditioning covers the climate spectrum without reliance on a single system. The fully fenced yard with shed and entertaining area suits owner-occupiers wanting low-maintenance outdoor living, while the rental yield around 6% signals consistent tenant demand. It serves best a first-home buyer or investor seeking a durable, freestanding house in a well-located, owner-occupied suburb. The heritage overlay is the primary risk,it can restrict external changes and add cost or delay for any renovation. This is priced in at $165,000 estimated value versus the $495,000 ask for a comparable nearby house, but the gap partly reflects condition and overlay constraints. The council and water rates at $3,807 per year are moderate for the block size. The opportunity lies in holding as a long-term rental or modest family home, not a renovation flip. Buy it for the land and location, not for future subdivision or major extension.