Current Market Valuation
Estimated market value: $363,000 (as of April 28, 2025).
Notes: Valuation is for the entire property which comprises 3 units. Note that property has previously been listed as a 4-bedroom house on some platforms. Recent sales indicate a strong rental return potential.
Purchase History
January 30, 2023 - $300,000
July 5, 2015 - $246,425
July 6, 2005 - $105,000
Property Details
Type:
Multi-Unit Dwelling (comprises 3 separate units)
Bedrooms:
5
Bathrooms:
3
Land (sqm):
506
Car/Garage:
Multiple (at least 1 lock-up garage for Unit 1, potentially additional off-street parking for other units).
Estimated weekly rent:
$835 per week
This is the combined estimated weekly rent for the 3 units within the property: Unit 1 currently rented for $285/week (2 bed), Unit 2 for $320/week (2 bed), and Unit 3 for $230/week (1 bed). This represents an 11.4% Gross Rental Return.
Rental vacancy rate:
2.4% for rental houses in Moree (as of March 2025).
Council rate:
Estimated $1,100 - $2,500 per annum (based on average residential rates in Moree Plains Shire and other property examples; actual amount may vary for multi-unit dwellings).
Water rate:
Estimated $400 - $700 per annum (based on typical residential water bills in Moree Plains Shire; does not include consumption charges which are additional). [2, 8, 15]
Strata fee:
Applicable (multi-unit property), amount not publicly available. (Commercial strata fees in Moree range from approx. $3,200 - $4,400 per annum, residential would likely be lower).
Home and content insurance price:
Estimated $1,800 - $2,500 per annum for NSW, highly variable based on specific policy, property features, and insurer.
Zoning Information
LGA:
Moree Plains Council
Zoning:
Residential land use
Bushfire:
Not detected
Flood:
Not detected
Heritage:
Not detected
Potential Developments in the Area
State Government:
Inland Rail project (expected to drive growth in Moree Plains Shire)
Special Activation Precinct (SAP) focused on agribusiness and logistics
Local Government:
Moree Growth and Infrastructure Plan (aims to provide 2,050 to 4,400 new dwellings by 2041)
Investigation areas for growth in Southwest Moree and Pallamallawa
Features
- Unit 1: 2 spacious bedrooms (1 with built-in), 1 bathroom, kitchen (fridge, electric stove/oven, microwave), living/dining area, single lock-up garage access
- Unit 2: 2 bedrooms (1 large with built-ins, 1 smaller), 1 bathroom, kitchen/dining, living area
- Unit 3: 1 spacious bedroom, 1 bathroom, kitchen
Location 338 Morton Street, Moree NSW, Australia
What's Nearby
Education
Health & Medical
Transportation
Moree Station - Train & Bus (9 min walk approx.)
Moree Secondary College / Frome St - Bus (13-14 min walk approx.)
Moree East Public School - Bus (15 min walk approx.)
Moree On Demand Public Transport Service - Bus (operates within 7km radius, pick-up at chosen address)
Suburb Performance
Median Price History
Moree has seen a median house price of $300,000 as of March 2025, with a 12-month growth of -7%. Median rental prices for houses in the Moree-Narrabri area increased by 8% over the year to August 2023.
Last 12 months | $269,500 (for houses)
March 2025 | $300,000 (for houses)
12-Month Growth Insight
Median house price: -7% (as of March 2025).
Median rental price for houses in Moree-Narrabri area: +8% (over the year to August 2023).
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