19 Pardalote Close, Opossum Bay TAS 7023

19 Pardalote Close, Opossum Bay TAS 7023
Cul-de-sac positioning near beaches | Modern 2020 build on 1,788sqm | Family zoning with no overlay constraints | Rare land-to-building ratio in Opossum Bay The propertyโ€™s competitive strength lies in its land-to-building ratioโ€”1,788sqm with only 13% coverage provides rare expansion or subdivision optionality in a coastal cul-de-sac. The 2020 construction eliminates immediate capital expenditure, while the absence of bushfire, flood, or heritage overlays reduces holding risk and speeds any future development approval. This house serves buyers seeking a low-maintenance modern home with long-term land leverage, particularly families wanting proximity to beaches and South Arm Primary. The conflicting valuation signalsโ€”$1.34m versus a farm classification at $960kโ€”introduce negotiation leverage for a buyer willing to verify zoning and comparable sales on the street. The 2019 sale price and street median of $845k suggest current pricing may embed a premium for the new build and land size, not necessarily market support. Opportunity lies in securing this before the areaโ€™s limited cul-de-sac inventory tightens further. Hold for land appreciation and consider a future boundary adjustment or secondary dwelling as the councilโ€™s residential zoning permits.

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

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Market Insight:

Opossum Bay is a tightly held coastal enclave south of Hobart, defined by its waterfront positioning and limited accessibility via car. Demand is driven predominantly by older professionals and retirees seeking a lifestyle-oriented market with constrained supply. Recent price trends reflect a period of strong acceleration, though the market remains thin with low turnover and extended selling times. Future growth is anchored by the scarcity of waterfront properties and the suburbโ€™s fringe appeal, yet high entry prices and a small population base present clear constraints, with the market showing sensitivity to broader rate movements.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

6

Land

1788mยฒ

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