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Overview
Located on a flood-free, fully fenced 766.4 square metre block opposite the Moree Aquatic Centre, this unique property offers substantial value through its dual-living configuration. The site features rear lane access, enhancing convenience and accessibility for residents and tenants alike.
The property consists of two completely self-contained living areas, which provide versatile options suitable for investors, owner-occupiers, or those looking to accommodate extended family members. The main section includes three bedrooms, an open-plan lounge and dining room, a modern kitchen, an ensuite, and a split-system air conditioning unit. The secondary section features a one-bedroom layout complete with a built-in wardrobe, open-plan lounge, kitchen and dining space, combined bathroom and laundry facilities, and split-system air conditioning as well.
Currently tenanted in both sections, the property generates a combined weekly rental income of $650, equating to approximately $33,800 annually. This reflects a strong gross rental yield of around 7.68%, indicating sound investment potential for those seeking reliable income streams.
- Flood-free, fully fenced 766m² block with convenient rear lane access
- Flexible dual-living design offering four bedrooms across two sections
- Separate air conditioning systems in each living area for comfort
- Covered entertaining area coupled with a concrete-floor carport and storeroom
- Additional 3m x 6m shed and 18 solar panels, adding value and functionality
- Excellent location near transport, healthcare, and recreational amenities
This property is well-suited to investors seeking dependable returns, families requiring separate living spaces, or first-time buyers looking for a home with an added income stream. Its strategic Moree location, combined with its dual-living setup and strong rental history, make it a practical option for a range of purchasers.
Local Market Insights
In Moree, Quiet Listings observed 15 new houses entering the market over the last 30 days, down from 34 during the previous 30-day period, with an average advertised asking price of $607,400. The property type mix of listed properties is predominantly Houses at 88%, followed by units (6%), and commercial properties (6%). The most active agency for houses in the Moree area is currently Hennessy Real Estate - Narrabri, representing 47% of new listings, followed by MRE with 27%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Moree NSW 2400
Market Insights for Moree NSW 2400
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