30 Balonne Street, Narrabri NSW 2390

Property Details: • Type: House

• Bedrooms: 3 • Bathrooms: 2

Description: Positioned on a substantial 1,012sqm parcel in a well-located residential precinct, 30 Balonne Street presents a strategic acquisition opportunity for investors, developers or SMSF purchasers seeking immediate income with future development potential (STCA). The property comprises a renovated three-bedroom dwelling (circa 2021 upgrade) offering holding income whilst plans are considered for further site utilisation. Improvements include updated cladding to three elevations, original weatherboard façade, full insulation, new Colorbond roof and guttering, complete electrical rewire, upgraded plumbing and new flooring throughout. The home features 12ft ceilings, VJ wall panelling, evaporative air-conditioning and open-plan living incorporating lounge, dining and kitchen facilities. All three bedrooms are generously proportioned with carpet, window furnishings and ceiling fans. The main bedroom includes a tiled ensuite, whilst the renovated main bathroom services the remainder of the dwelling. The kitchen is fitted with island bench, pantry, integrated dishwasher and electric appliances. A tiled laundry with storage and external access adds further functionality. Of particular note to investors, the property is currently leased at $700 per week, with the existing tenant indicating willingness to negotiate a long-term commercial lease arrangement, providing scope for secure holding income. Current lease expiry is July 2026. The site benefits from new 1.8m Colorbond fencing to three boundaries and allows for rear lane access, allowing flexibility for future access planning. With its generous land size and existing service provisions, the property offers clear potential for duplex or townhouse redevelopment to the rear (STCA), enabling value-add outcomes over the longer term. Located within close proximity to Narrabri's CBD, retail amenities and community infrastructure, this asset combines strong regional rental returns with land-banking or staged development potential in a tightly held market. For further information or to arrange inspection, please contact Kim Rozendaal at KR Property on 0407 835 207.