38 Elizabeth St, Dubbo is a 3 bedroom, 2 bathroom House with 1 parking spaces. The property has a land size of 636m2. While the property is not currently for sale or for rent, it was last sold in December 2025. There are other 3 bedroom House sold in Dubbo in the last 12 months.
Perfectly positioned on a generous 636sqm (approx.) block, 38 Elizabeth Street presents an exceptional opportunity for investors seeking a well-performing asset with room to grow. Behind its charming picket fence and single carport, this cottage-style home offers far more than meets the eye.
Once inside, you'll discover a surprisingly spacious floorplan, featuring two separate living areas - a welcoming front lounge and a versatile rumpus room at the rear. Polished timber floors flow throughout, adding warmth and character, while the separate dining room adjoins the updated kitchen, ensuring practical convenience for tenants.
The home includes three bedrooms and two bathrooms, making it ideal for families and long-term renters. Comfort is assured year-round with ducted evaporative cooling and gas points for heating. Additional appeal comes from side access to the rear yard, providing practicality for tenants and potential for future improvements.
Currently leased at $450 per week until September 2026, this property delivers immediate, secure income. With a current market rent of approximately $550 per week, it offers clear potential for increased returns in the future-making it an attractive choice for investors looking to enhance their portfolio performance.
Key Features:
- Charming cottage façade with picket fence
- 3 bedrooms, 2 bathrooms
- Two living areas - lounge + rumpus
- Polished timber floors
- Updated kitchen with adjoining dining
- Ducted evaporative cooling + gas points
- Single carport
- Side access to rear yard
- Set on 636sqm (approx.)
- Leased at $450pw until Sept 2026
- Market rent approx. $550pw - strong potential for further returns
An excellent long-term investment with secure income and further upside.
Rates: $2893.89
Built: 1960's - Approximately 65 years old
***Building & Pest Inspection Reports available on request
The size of Dubbo is approximately 998.7 square kilometres. It has 56 parks covering nearly 4.8% of total area. The population of Dubbo in 2016 was 38943 people. By 2021 the population was 43516 showing a population growth of 11.7% in the area during that time. The predominant age group in Dubbo is 0-9 years. Households in Dubbo are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Dubbo work in a professional occupation.In 2021, 62.40% of the homes in Dubbo were owner-occupied compared with 63.20% in 2016.
Dubbo has 22,484 properties. Over the last 5 years, Houses in Dubbo have seen a 72.63% increase in median value, while Units have seen a 54.19% increase. As at 31 December 2025:
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