393 Tarakan Avenue, North Albury NSW 2640
393 Tarakan Avenue, North Albury NSW 2640
4 bed | 1 bath | 1 car | 961m² land | leased to 2027 at $480pw | practical family stock
This property’s competitive edge lies in its landholding. At 961 square metres it is generous for a four-bedroom house in this part of Albury, and the existing lease through to early 2027 provides immediate income certainty for an investor. The advertised shedding and flexible indoor-outdoor layout suggest a dwelling suited to families who value workshop space or outdoor utility over polished finishes. In a suburb where detached houses on substantial blocks remain the dominant stock type, this property serves best a buyer seeking land content and tenanted yield rather than turnkey presentation or compact convenience.
The single bathroom may limit appeal for owner-occupiers with children or guests, and the absence of confirmed building age or renovation history means a buyer should factor in potential maintenance or upgrade costs. While the lease income is a clear positive, the weekly rent of $480 should be tested against current market rates for similar four-bedroom houses in the area to ensure it reflects achievable rather than historic value. The property’s price will be shaped most by how a buyer weighs land size and lease security against the constraints of a single bathroom and an unknown condition standard.
Detailed Independent Property Report prepared by PropCred Analyst team for 393 Tarakan Avenue, North Albury NSW 2640
Checks found:
Value Risk
✕
2
Liquidity Risk
✓
Planning Risk
✓
Income Risk
✓
Execution Risk
!
1
Market Insight
This suburb exhibits a robust and accelerating housing market, with house values experiencing exceptional annual growth, significantly outpacing the more moderate unit price appreciation. This dynamic suggests strong demand for detached homes, likely driven by owner-occupiers seeking space, supported by a very tight rental market with low vacancy rates and competitive yields. Properties are transacting swiftly, indicating high buyer urgency and competitive conditions. Future growth appears linked to sustained demand for houses, though the widening price gap between houses and units may signal emerging affordability constraints for some buyer segments.
PropCred Estimated Value
Bedrooms
4
Bathroom
1
Parking
1
Land
961m²
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