55 Peak Hill Road, Parkes NSW 2870
55 Peak Hill Road, Parkes NSW 2870
Property identified as 55 Peak Hill Road, Parkes NSW 2870 is a 3-bedroom, 2-bathroom house with 1 car space (specifically 1 carport and 1 Colourbond garage) on a 2,694m² lot within Parkes council boundaries. The property was listed for sale as a house in Parkes. The building covers 12% of the land with a size of 329m², a ground elevation of 374m, and a roof height of 7m.
rare 2,694m² block in town | family 3-bedroom layout | peaceful treescape views | valuation gap to weigh | solid rental yield
The unusually generous land size within the Parkes town limits is considered the property’s most defining feature. a block of 2,694 square metres is provided, offering substantial outdoor space rarely found in established residential areas. The house is particularly well-suited for families seeking room for children to play or those wanting to add a shed, garden, or future extensions. A practical single-level layout with three built-in bedrooms and two bathrooms is offered, complemented by a sunroom and front verandah. A balance of quiet neighbourhood character and walkable access to local parks, dining, and amenities is achieved. Peaceful treescape views are further enjoyed. This property is best matched to buyers who prioritize space and lifestyle over proximity to the town centre, and the land is seen as its strongest long-term feature.
A material factor that might influence the property’s value is the notable variance in valuation estimates, with a lower range being suggested by some sources. This may reflect market uncertainty or specific attributes not fully captured. How the large block size affects ongoing maintenance and whether future development potential exists under current zoning should be considered. A modest rental yield of around 3% is indicated, which may appeal to some investors. The absence of flood or bushfire overlays is a neutral point. A careful inspection of the home’s condition and building age is recommended to form a confident price view.
Detailed Independent Property Report prepared by PropCred Analyst team for 55 Peak Hill Road, Parkes NSW 2870
Checks found:
Value Risk
!
1
Liquidity Risk
!
1
Planning Risk
✕
2
Income Risk
✓
Execution Risk
✓
Market Insight
Parkes presents as an affordable regional centre attracting families and first-home buyers seeking detached housing, supported by consistent long-term capital growth. Recent market conditions show mixed price signals with houses experiencing some softening while units have seen strong appreciation, indicating segmented demand. The suburb’s future is underpinned by its established appeal and relative affordability, though its current valuation and sensitivity to mortgage rates present a key constraint for new entrants.
PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
1
Land
2694m²
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