12 Mingelo Street, Narromine, NSW 2821 | House for sale | OnTheHouse
 
FOR SALE
$930,000 - $950,000

12 Mingelo Street
Narromine NSW 2821

Bedrooms: 7
Bathrooms: 4
Car spaces: -
Land area: 676m2
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FOUR RENOVATED UNITS - $65,000 P.A. GROSS INCOME + FURTHER POTENTIAL

For investors looking for an established multi-income asset with the hard work already completed, this is an opportunity that deserves attention.
Offering four self-contained units, a combined current rental return of $1,250 per week and extensive renovations already undertaken, the property provides an attractive combination of immediate cash flow, multiple income streams and longer-term potential.
The complex comprises three two-bedroom units and one one-bedroom unit, with two positioned upstairs and two downstairs. All four units are currently leased, providing income from day one and reducing the reliance on a single tenancy.
Importantly, the property also benefits from a substantial amount of additional land, providing investors with the opportunity to investigate further development, additional accommodation or redevelopment of the site in the future, subject to Council approval and all relevant planning requirements.
INVESTMENT HIGHLIGHTS
Four self-contained residential units
Three x two-bedroom units
One x one-bedroom unit
All four units currently leased
Current combined rental income of $1,250 per week
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Property Details for 12 Mingelo St, Narromine

12 Mingelo St, Narromine is a 7 bedroom, 4 bathroom House. The property has a land size of 676m2. The place is currently for sale with Platinum Property Group Dubbo.

Building Type
House
Land Size
676m2
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About Narromine 2821

The size of Narromine is approximately 1920.8 square kilometres. There are 13 parks, covering nearly 0.3% of the total area. The population of Narromine in 2016 was 4689 people. By 2021 the population was 4608 showing a population decline of 1.7% in the area during that time. The predominant age group in Narromine is 10-19 years. Households in Narromine are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Narromine work in a managers occupation.In 2021, 71.60% of the homes in Narromine were owner-occupied compared with 67.80% in 2016.

Narromine has 2,748 properties. Over the last 5 years, Houses in Narromine have seen a 100.74% increase in median value, while Units have seen a 94.51% increase. As at 31 July 2026:

  • The median value for Houses in Narromine is $491,825 while the median value for Units is $483,382.
  • Houses have a median rent of $490 while Units have a median rent of $330.
There are currently 55 properties listed for sale, and 6 properties listed for rent in Narromine on OnTheHouse. According to Cotality's data, 120 properties were sold in the past 12 months in Narromine.

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Kristy Barber
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Platinum Property Group Dubbo
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