17 Parkes Street, Cowra, NSW 2794

$372,000

House
Type
2
Bedrooms
1
Bathrooms
1
Parkings
1,012 m²
Area

Last updated on Monday, July 06, 2026 ( See property details for 17 Parkes Street, Cowra, NSW 2794)

$372,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile investment property on a large corner block in Cowra, offering immediate income, redevelopment potential, and future growth opportunities.

🏡 Property Highlights

  • Prime corner block with street frontage on three sides, offering redevelopment potential (STCA).
  • Established long-term tenants providing immediate income stream.
  • Large 1,012sqm flat block suitable for renovation or subdivision.
  • Excellent location just 2 minutes from Cowra's CBD, offering convenience and accessibility.
  • Sub-divided into two separate lots, enhancing future development options.
  • Current rental income of $220 per week with scope for growth.

✨ Key Features

  • Garage
  • Open-Plan Living
  • Internal Laundry
  • Waterfront / Views
  • Balcony
  • Ensuite
  • Outdoor Area
  • Built-in Robes
  • Security Screens / Gates
  • Fly Screens

Cowra is a vibrant regional town renowned for its rich history, strong community spirit, and scenic surroundings. Key highlights include its convenient proximity to the CBD, diverse local amenities, excellent transport links, a welcoming neighbourhood atmosphere, and promising growth prospects for investors and residents alike.

What are the potential redevelopment options for this property?
The property offers scope for renovation, subdivision, or further development (STCA), given its large, flat corner block and existing subdivision into two lots.
What is the current rental income and tenant situation?
The property is currently leased to long-term tenants paying $220 per week, with a lease that has expired but tenants keen to stay.
Are there any restrictions or approvals needed for subdivision or redevelopment?
Yes, any subdivision or redevelopment would require approval from local council and compliance with planning regulations, as the property is already subdivided into two lots.
What are the ongoing costs associated with this property?
Ongoing costs may include council rates, maintenance, and property management fees, which should be confirmed with the current landlord or agent.
Is the property suitable for future growth or capital appreciation?
Yes, given its location, subdivision potential, and current market conditions, the property offers promising prospects for long-term growth.
Are there any existing planning restrictions or easements on the property that could affect redevelopment plans? What are the total costs involved in subdividing the land and obtaining necessary approvals? Are there any known issues with the property's structure, drainage, or services? Is there any upcoming council or community development that could impact the neighbourhood? What are the zoning regulations and permissible uses for the subdivided lots?

17 Parkes Street, Cowra, NSW 2794 - More Details

$372,000

Positioned just 2 minutes* to Cowra's CBD, this property presents an outstanding opportunity for investors seeking immediate income with significant future potential.

Set on a large, flat 1,012sqm* corner block with the rare advantage of street frontage on three sides, this home offers excellent scope for renovation, redevelopment, or further value-adding potential (STCA). With strong fundamentals and a highly usable block, it's an ideal addition to any investment portfolio.

Investment Highlights:
• Two bedrooms plus versatile sleepout, dining room or home office
• Functional eat-in kitchen with freestanding electric oven
• Central living area
• Bathroom with shower, toilet and vanity, adjoining internal laundry
• 6m x 4.2m garage with rear lane access
• Long-term tenants in place who are keen to stay
• Currently returning $220 per week (expired lease)
• The block has two titles - 1/DP964962 508sqm* and 2/DP311401 501sqm*

With a reliable tenancy already established and scope to increase returns through renovation or redevelopment, this property offers both immediate cash flow and long-term growth potential.

As this property is currently tenanted, we require a minimum of 48 hours notice for any inspections.

For more information or to arrange your inspection contact listing agents Hayley Oliver on 0419 595 746 or Caley Mok on 0437 007 303.

*Approx.

Disclaimer: All information contained herein is gathered from sources we believe reliable. We have no reason to doubt its accuracy; however, we cannot guarantee it.
Type
House
Bedrooms
2
Bathrooms
1
Parkings
1
Area
1,012 m²

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