27 Denison Street, Narrabri, NSW 2390
Positive Cashflow/High Yield
Advertised For Rent
About the Property
Situated in a family-friendly street, 27 Denison Street is conveniently located just a few blocks from Narrabri CBD. This spacious property offers four generously sized bedrooms, an open-plan living and dining area, and a formal lounge room with a split-system air conditioner and a wood fire heater. Additional living space is provided by the sunroom, and the modern kitchen features an island bench.
The main bathroom includes a separate bath and shower, and high ceilings throughout add to the sense of spaciousness. The property also boasts a new galvanized iron roof and guttering, a 2.5KW solar system to reduce electricity bills, and a 6m x 6m double garage, along with a garden shed for extra storage.
From the homely.com.au listing
About the Suburb
Overview: Narrabri, a charming town in New South Wales, offers a close-knit community and a relaxed rural lifestyle. With a population of approximately 7,327 residents and 3,181 dwellings, Narrabri is a welcoming town with a strong sense of community.
Residential Landscape: Narrabri features a residential landscape where around 64% of residents are owner-occupiers, fostering a sense of stability and homeownership. The IQR % Median of 50% indicates a diverse range of property prices, accommodating various housing preferences. Properties in Narrabri typically spend approximately 66 days on the market (DOM), reflecting the pace of the local real estate market.
Education and Lifestyle: The ICSEA School Score of 7 suggests that Narrabri offers access to local educational facilities, although it may not have the same range of educational options as larger urban centers. The town’s rural setting provides a tranquil lifestyle with a strong connection to nature.
Property Market: Narrabri boasts a median property price of $427,000, making it an attractive choice for potential homeowners. The recent % growth rate of 18.6% indicates significant growth in property values, attracting both homebuyers and investors. Rental properties in the area offer a competitive yield of 5.9%, making it an appealing option for those seeking rental income. Specific details regarding the vacancy rate were not provided.
Market Activity: The Market Absorption rate of 9% suggests that properties in Narrabri are absorbed into the market at a steady pace.
Narrabri is a picturesque town that provides a close-knit community and a tranquil rural lifestyle. While it may have limited educational options compared to larger urban areas, its affordability, property market growth, and strong sense of community make it an appealing choice for those seeking a peaceful country lifestyle.