47 Parramore Street, Rosetta TAS 7010

47 Parramore Street, Rosetta TAS 7010
Two-level layout | 1,345sqm block | no recent sale data | renovation potential The property’s flexible two-level floorplan on a 1,345sqm block creates both opportunity and risk: the upstairs bedrooms and downstairs rooms allow for separate living zones or potential rental income, but the lack of a recent sale or price history means the buyer carries valuation uncertainty without a clear market anchor. Any additional funds for structural updates or compliance work should be factored in, as the 2013 sale price is no longer a reliable benchmark. This house is best held for owner-occupation or as a long-term hold, not a quick flip. What makes this property uncommon is the combination of 255 square metres of internal space with a large landholding in a suburban Rosetta settingβ€”most houses in the area offer less square footage on smaller blocks. The built-in cabinetry and two extra rooms downstairs give a buyer positional advantage for multigenerational living or a home-based business. This property serves best for a buyer seeking space and flexibility, not a turnkey investment. The next step is to commission a building inspection and a registered valuation, as the absence of recent comparable sales in the street makes independent confirmation of condition and price range essential before proceeding.

Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ 

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Market Insight:

This established suburb, characterised by settled homeowners, presents a nuanced market. Demand is underpinned by a tight rental sector, with units demonstrating notable recent price momentum. While house prices have softened, low vacancy rates and a modest sales volume indicate a balanced environment. Future growth is linked to this rental demand, though the market faces constraints from limited new stock and extended selling periods for houses.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

5

Land

1345mΒ²

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