53 Little Timor Street, Coonabarabran NSW 2357
53 Little Timor Street, Coonabarabran NSW 2357
3 bed | 1 bath | 866mยฒ | Coonabarabran | relisted at a premium | rural holding appeal
This property offers a rare combination for a buyer seeking affordable entry into a stable rural market: a standard three-bedroom house on a generous 866mยฒ block in a town with steady housing supply and low median prices. The configuration is straightforward, making it suitable for owner-occupiers or investors targeting the lower end of the market, where demand is consistent but not speculative. Its location in Coonabarabran, near Warrumbungle National Park, adds lifestyle appeal for those seeking a tree change or a base for regional work.
The primary risk is the 25% price increase from its October 2024 sale to the current $265,000 listing, which may reflect vendor optimism rather than market movement. Comparable properties, such as 43 Little Timor Street at $245,000, suggest fair value is below $250,000. A buyer should negotiate firmly, using the recent sale as a benchmark. The opportunity lies in the propertyโs land size and rural positioning, which could support modest capital growth if local infrastructure or tourism improves.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 53 Little Timor Street, Coonabarabran NSW 2357
Market Insight:
Coonabarabran is an affordable regional market, attracting buyers with its stable historical sales volume. Demand is driven by local, mature demographics, supported by consistent rental interest. Recent price trends indicate a softening market, with extended selling periods for some properties. Future growth is underpinned by its established buyer base, though sensitivity to broader economic conditions and a constrained unit supply present key constraints.