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NSW › North Albury › Fallon St

358 Fallon St, North Albury NSW 2640

For saleHouse for Sale

$509,000

For sale

Asking

5

Bedrooms

2

Bathrooms

1

Car spaces

835.3 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $509,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $509,000(Listing record · 11 June 2026)
  • FactLand 835 m²; no building size recorded.(Property record)
  • CalculationAsk is 15% below the North Albury median recorded sale ($600,500, n=58, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at North Albury's advertised median rent ($437/wk), implied gross yield would be 4.46% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$509,000

Asking · $609/m² of land

No recorded sale for this property.

North Albury at a glance

6,367

People

$600,500

Median sale

$437/wk

Median rent

3.78%

Suburb gross yield

Median sale from 58 recorded sales (last 12 months) — a Districts calculation.

See the full North Albury report →

Vs North Albury

-15.2%

Median sale

Suburb $600,500

+0.68 pp

Gross yield

Suburb 3.78%

Suburb median $600,500 from 58 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$509,000
Stamp Duty (New South Wales)
$17,317
Transfer/Registration Fee
$167
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$530,184

$21,184 on top of the price (4.2% extra)

  • Stamp Duty (New South Wales)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: New South Wales schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with North Albury's advertised median rent — not a rent for this listing.

Net yield
2.96%
Annual cashflow (pre-tax)
$-11,379
Interest cover (DSCR)
0.57
Annual rent
$22,724
Operating expenses
$7,635
Loan amount
$407,200
Annual interest
$26,468
Gross yield
4.46%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$509,000available10 June 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

NSW

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $437/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 4.5%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    NSW Valuer General land values are not loaded for this property yet.

  • Net yield / holding costs

    Unknown

    NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.

Area

North Albury in one glance

North Albury at a glance

6,367

People

$600,500

Median sale

$437/wk

Median rent

3.78%

Suburb gross yield

Median sale from 58 recorded sales (last 12 months) — a Districts calculation.

See the full North Albury report →

Keep researching

  • Why North Albury? Read the area thesis →
  • What else is on the market in North Albury →
  • Other records on Fallon St →

Listing material

Listed by Gilson Yonson Real Estate

Space, Character & Endless Possibilities

358 Fallon Street presents an exciting opportunity for large families, investors or buyers searching for a home that offers flexibility, character and future possibilities. Positioned on a substantial 835.3m² allotment, this five-bedroom residence delivers an abundance of space both inside and out, with a versatile floorplan that can easily adapt to a range of lifestyle needs. Whether you require additional bedrooms, multiple living zones, a home office, hobby room or space for extended family living, the home's layout creates endless opportunities to tailor the property to suit your individual needs.

Stepping inside, the home showcases many charming character features that add warmth and personality throughout. High ceilings create a sense of openness, while decorative wall and ceiling details, traditional mantle pieces and period-inspired touches provide a reminder of the home's timeless appeal. Buyers who appreciate homes with history and character will recognise the potential to further restore and enhance these features while adding their own personal touches over time.

The generous parcel of land adds another exciting layer of opportunity. There is ample room to extend the existing home (STCA) and create even more living space for a growing family, while those considering future possibilities may see potential for further development or the addition of another dwelling (subject to council approval). The flexibility of both the home and landholding creates an opportunity that can continue to evolve alongside changing family needs and future plans.

Read the full description

Positioned in a highly convenient North Albury location, the property places everyday amenities within easy reach. Located opposite World Gym and close to childcare centres, the home also offers exceptional convenience for families with schools only moments away. James Fallon High School is 160m (approx.) away, Xavier Catholic College 350m (approx.) away, St Anne's Primary School around 700m (approx.) away and Albury North Public School 250m (approx.) away. The location also places you within close proximity to both North Albury and Lavington shopping facilities while remaining only a short drive from Albury's CBD, ensuring shopping, dining and everyday essentials are always within easy access.

Offering flexible living options, beautiful character and future potential, this is a property ready to be enjoyed today while presenting exciting possibilities for tomorrow.

The property features –

- 5 bedroom home plus office area

- Lounge room

- Family room with a split system air conditioner

- Dining area

- Enclosed porch/sunroom

- Kitchen is complete with electric cooking

- Full bathroom

- Combined bathroom/laundry with a second shower

- Separate second toilet

- Gas heaters plus ducted heating

- Refrigerated air conditioners

- Covered entertaining area

- Fully enclosed yard

- 7.2m x .3m shed

All information provided is sourced from reliable references, but its accuracy cannot be guaranteed. Interested parties are encouraged to conduct their own investigations.

Listing description written by Clinton Gilson, Gilson Yonson Real Estate — reproduced as published, not verified by Districts.

Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.