30 River Street, Mylestom, NSW 2454 | House for sale | OnTheHouse
 
FOR SALE
$1,500,000 - $1,600,000

30 River Street
Mylestom NSW 2454

Bedrooms: 8
Bathrooms: 3
Car spaces: 3
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RIVERSIDE INVESTMENT OPPORTUNITY

Positioned in one of Mylestom's most tightly held waterfront pockets, this River Street property is first and foremost an income-producing asset in a location where accommodation supply is limited and demand remains consistently strong. Directly opposite the waterfront reserve - where a small sandy beach provides easy access for launching kayaks or a small tinnie - and only 400 metres to North Beach, the setting supports both permanent rental and holiday accommodation, making it ideally suited to investors seeking reliable returns and long-term growth.
The property is DA-approved for a backpackers hostel, significantly broadening its commercial potential and providing flexibility for short-stay accommodation, worker housing, or traditional residential leasing. Currently configured as two fully self-contained residences, it offers immediate dual-income capability with the upstairs residence estimated to return $750 per week and the downstairs level approximately $650 per week, creating a combined potential return of up to $1,400 per week.
The ground floor provides four well-sized bedrooms, each with its own sliding door entry, a spacious open-plan living and dining area with a wood fireplace, and a centrally positioned kitchen. Tiled flooring, two outdoor bathrooms, external laundry, storage room and private rear courtyard keep maintenance simple while maximising tenant functionality and occupancy appeal.
Upstairs, the main residence captures uninterrupted river views from both the living area and main bedroom opening onto the elevated verandah. A country-style kitchen with gas cooking, full tiled bathroom with clawfoot bath, three additional bedrooms and an enclosed sunroom provide comfortable, high-demand accommodation suitable for long-term tenants or premium holiday letting. The upper loft adds further flexibility for additional sleeping space, a studio, or home office, enhancing overall rental versatility.
Opportunities to secure a genuine dual-income waterfront holding with existing approvals for expanded accommodation are exceptionally rare. With multiple income streams, strong weekly rental potential, and a tightly held coastal location supporting future capital growth, this property represents a high-performing investment with both immediate cash flow and long-term upside.
Council Rates: $4,101.68 per annum

Property Details for 30 River St, Mylestom

30 River St, Mylestom is a 8 bedroom, 3 bathroom House with 3 parking spaces. The place is currently for sale with PRD Real Estate Coffs Harbour.

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About Mylestom 2454

The size of Mylestom is approximately 5.1 square kilometres. There are 2 parks within the area. The population of Mylestom in 2016 was 344 people. By 2021 the population was 336 showing a population decline of 2.3% in the area during that time. The predominant age group in Mylestom is 60-69 years. Households in Mylestom are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Mylestom work in a community and personal service occupation.In 2021, 67.60% of the homes in Mylestom were owner-occupied compared with 70.80% in 2016.

Mylestom has 274 properties. Over the last 5 years, Houses in Mylestom have seen a 64.67% increase in median value, while Units have seen a 57.37% increase. As at 31 May 2026:

  • The median value for Houses in Mylestom is $997,014 while the median value for Units is $604,293.
  • Houses have a median rent of $380.
There are currently 4 properties listed for sale, and 1 property listed for rent in Mylestom on OnTheHouse. According to Cotality's data, 10 properties were sold in the past 12 months in Mylestom.

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Sean Campbell
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Jaden Herring
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PRD Real Estate Coffs Harbour
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