4/353 Olive Street, South Albury NSW 2640

1960-built strata unit | 53m² internal | 676m² lot | Albury Public School catchment | current tenancy in place This one-bedroom unit presents a compact, low-maintenance entry into the South Albury market, best suited for an investor seeking immediate rental income. Its competitive strength lies in its established tenancy, demonstrated rental demand with consistent increases over a decade, and a lack of complex environmental overlays, simplifying due diligence. The property serves a specific buyer profile: it is a pragmatic, yield-focused purchase, not a lifestyle or growth-centric one, with its modest size and 1960s build capping its appeal to a narrower segment of the rental market. The decision hinges on accepting the limitations of an older, small unit within a strata complex, where future capital growth may be constrained compared to larger offerings. The primary opportunity is commercial, locking in a ~5.86% yield with minimal vacancy risk, making it a hold for cash flow. Consider this a straightforward income-producing property, where Propcred can validate its true market valuation against recent strata sales and clarify ongoing body corporate liabilities and locality-specific insurance premiums. Recent comparable sales nearby indicate a value spectrum for modest units: a two-bedroom at 3/510 Butson Avenue sold for $300,000, while 4/411 Macauley Street achieved $429,000. This suggests the subject property’s price positioning must account for its smaller single-bedroom configuration, placing it likely at the lower end of this range.