665 Blende Street, Broken Hill NSW 2880

1-bedder on 664sqm | development angle STCA | heritage overlay | Broken Hill North school catchment The property’s primary buying case rests on its unusually large 664m² lot with only 28% site coverage, offering a rare infill opportunity in an established Broken Hill area. The existing 186m² dwelling provides immediate rental income of approximately $355 per week, while the vacant land component allows for future subdivision or extension subject to council approval. This configuration best suits an investor seeking a low-entry hold with medium-term development upside, or a buyer wanting a spacious single-level home with a substantial shed and outdoor area. The reliable NBN and 5G coverage support remote work feasibility, and the absence of bushfire or flood overlays reduces insurance and compliance costs. The heritage overlay is the primary constraint, as it may limit external modifications and add approval timelines, effectively reducing the development upside for buyers seeking quick reconfiguration. The property is currently off-market, which may indicate seller hesitation or a pending strategy shift. The building’s 186m² footprint on a 664m² lot suggests the land is underutilised, and the $109,000 valuation with $355 weekly rent yields a strong 17% gross return, making it viable as a cash-flow hold while awaiting zoning or market changes. Use this property as a buy-and-hold with a five-year horizon, monitoring council planning updates for increased density allowances.