493 Morgan Street, Broken Hill NSW 2880

493 Morgan Street, Broken Hill NSW 2880
Large 1012sqm block | 3+1 rooms | opposite school | strong 6% rental yield | 20.9% suburb growth. This property’s competitive strength lies in its rare combination of a large freehold block, a versatile external room, and direct school frontage, which together create a strong family or investor proposition. The separate lounge and dining, plus reverse cycle systems in every room, reduce future outlay and appeal to tenants or owner-occupiers seeking comfort. The estimated $550 weekly rent against a $550,000 value supports a solid 6% yield, well above many metro markets. The 20.9% suburb growth signals upward momentum, making this house suitable for a buyer wanting both immediate rental return and medium-term capital gain. The key risk is the single bathroom, which may limit appeal for larger families or higher-end tenants, and the auction format on 30 May 2026 requires a pre-approved finance strategy. Council and water rates total $3,379 annually, a manageable holding cost. The external room offers a clear opportunity for a home office or guest income, improving the property’s functional yield. For a buyer, hold this house as a long-term rental with potential for a future subdivision or granny flat on the 1012sqm block, given the land’s size and school proximity.
Detailed Independent Property Report prepared  by PropCred Analyst team for 493 Morgan Street, Broken Hill NSW 2880
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk 2
Execution Risk ! 1
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Market Insight

Broken Hill presents as a remote regional centre where high rental yields and low entry prices are attracting significant investor activity, alongside local first home buyers drawn by affordability. Recent house price growth has been robust, supported by steady mining employment and a stable population reliant on essential services. Future demand is underpinned by these fundamental drivers, though the market faces risks from its reliance on a single industry, sensitivity to interest rate changes, and a notably thin unit market with limited liquidity.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

4

Land

1012m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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