414 Beryl Street, Broken Hill NSW 2880

3 bed house | 500sqm block | 6.1% gross yield | 95% owner-occupied street | near schools The property presents as a competitively positioned entry point in Broken Hill’s market, with a 500sqm block and 3-bedroom configuration that suits both first-home buyers and investors seeking yield. Its asking price sits below the estimated value of $311,000, while the reported $330 weekly rent delivers a gross yield of 6.1%, which is strong for a regional house. The street’s 95% owner-occupier profile suggests stable neighbourhood character, reducing turnover risk, and proximity to three schools within 2km adds appeal for families. This property serves best for an investor prioritising cash flow or a buyer wanting affordable house ownership in a settled community. The main risk is verifying the current tenancy and property condition, as the periodic lease and short market time suggest possible vacancy or deferred maintenance. The 500sqm block offers subdivision or extension opportunity, but any renovation cost must be checked against the $280k entry to avoid overcapitalising in a market where median 3-bedroom houses sit at $239,500. Parking inconsistency between 1 and 2 spaces warrants clarification, as does council rate liability. For the right buyer, the gap between asking price and estimated value creates negotiation room, but due diligence on the building’s fabric and rental sustainability is non-negotiable.