202 Riverside Drive Narrabri NSW 2390

Positioned within the highly sought-after Riverbend Estate, this substantial modern home presents an attractive opportunity for investors seeking a quality resi ...

Positioned within the highly sought-after Riverbend Estate, this substantial modern home presents an attractive opportunity for investors seeking a quality residential holding with an established income stream. Currently leased to a business for $700 per week, the property generates approximately $36,400 per annum in gross rental income. With a spacious four-bedroom, four-ensuite configuration, multiple living areas and an impressive 1.5-acre allotment, the property offers an appealing combination of immediate rental income and long-term residential potential. Property Features: • Currently leased to a business for $700 per week • Approximate gross rental yield of 4.4% based on the current asking price • Approximate gross rental income of $36,400 per annum • Welcoming low-set brick veneer home complete with a Colorbond roof and wrap-around concrete pathway • Light-filled open-plan kitchen, living and dining area featuring tiled flooring, downlights, split-system air conditioning and evaporative cooling throughout • Seamless indoor-outdoor flow with sliding doors opening to the backyard and French doors leading to the covered outdoor patio • Modern kitchen with large island bench, soft-close drawers, microwave hub, double dishwasher, double sink, pantry, electric cooktop, rangehood and oven • Separate carpeted lounge/media room providing a comfortable second living area • Four generous carpeted bedrooms, each with its own ensuite and built-in wardrobe • Each ensuite includes a floating vanity, shower and toilet, offering excellent privacy and functionality • Two linen cupboards positioned within the tiled hallway provide additional storage • Spacious tiled laundry with separate toilet, external patio access and direct internal access to the lock-up garage • Double lock-up garage with remote entry, internal access and additional concrete parking • 5.0kW solar power system • Two rainwater tanks with pumps, plus an E1 grinder pump for septic • Established shrubs and trees with dripper irrigation, boundary fencing and clothesline, all positioned across approximately 1.5 acres With an established business tenancy, $700 per week rental income and an approximate 4.4% gross rental yield, this property offers investors the opportunity to secure a substantial modern home with income already in place. Its versatile layout, generous landholding and sought-after Riverbend Estate location also provide broad appeal for the property's long-term future. Contact Eden Rozendaal today for further information or to arrange a private inspection.