30 River St, Mylestom NSW 2454

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.