59 Morrisset Street, Bathurst NSW 2795
59 Morrisset Street, Bathurst NSW 2795
CBD brick home | dual occupancy potential | extended family layout | strong rental demand
The property’s primary buying case rests on its dual occupancy potential, which is rare within Bathurst’s CBD on a sought-after street. The existing extension and side access reduce the cost and complexity of a future subdivision or granny flat, giving a buyer immediate optionality. Polished floors, a master ensuite, and open-plan living with split-system air conditioning support strong tenant appeal, while the study and secure yard suit families. This house serves best for an owner-occupier seeking long-term flexibility or an investor targeting steady rental demand and capital growth from an 8.1% suburb uplift.
The key risk is the heritage zone detected on the property, which may impose restrictions on external alterations and delay council approval for dual occupancy,costing time and legal fees. Conversely, the $690,000 list price sits below the midpoint estimate, suggesting negotiation room. Rental history shows consistent demand at $500–$575 per week, and the 2020 purchase price of $425,000 indicates material value uplift. Hold this property for its positional advantage and development optionality, or use it as a high-yield rental with a 3.94% return.
Detailed Independent Property Report prepared by PropCred Analyst team for 59 Morrisset Street, Bathurst NSW 2795
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
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Market Insight
Bathurst offers a balanced market positioned near fair value, blending regional lifestyle with historical appeal. Demand is supported by its stable fundamentals, with house prices demonstrating strong recent momentum while units offer more accessible entry points. The market exhibits healthy conditions with solid rental yields, though it remains sensitive to broader economic factors and interest rates. Future growth is underpinned by its established character, yet affordability relative to local incomes presents a key consideration for sustained momentum.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
-
Land
594m²
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