Nestled on a quiet street in the ever popular rural township of Narromine is this quaint cottage style home that has been freshened up, ready for a new owner to make it their own. Situated on a 1,011sqm block and offering rear lane access, this opportunity presents itself to buyers wanting to break the rent cycle and enter into an affordable first home only 20 minutes away from Dubbo, or investors who are keen to achieve upwards of a 7% gross rental yield. Freshly painted in a neutral hogs bristle colour scheme and offering generously sized bedrooms, two living areas, a combined laundry and bathroom, plus a large secure yard, there has never been a better time to enter the market than now.
Key features of this home are:
*Freshly painted in a neutral colour scheme
*1,011sqm block with rear lane access
*Two living areas
*Front and rear verandahs
*Previously rented at $180 per week
*Upwards of 7% gross rental return
For a detailed brochure on 145 Merilba St, Narromine, please contact Lachlan Cusack at Ray White Real Estate Dubbo on 0422 803 360 or (02) 6884 1555
INFORMATION ABOUT THE SHIRE OF NARROMINE
Narromine is a town located about 40 km West of Dubbo and 451km northwest of Sydney in the Orana region of New South Wales, Australia. It is the centre of Narromine Shire. At the 2016 census, Narromine had a population of 3,528. The area is a popular area for gliding and the growing of citrus fruits. The Macquarie River passes through the town. The main road from Dubbo to the west also passes through, this being the Mitchell Highway. Narromine is a station on the Main Western railway line. The area is characterised by hot summers and mild winters.
Narromine Property Statistics:
Median house price: $240,000
Median rent price: $310 per week
