19 Fairisle Terrace, Howrah TAS 7018

19 Fairisle Terrace, Howrah TAS 7018
Generous family footprint | sweeping views, sun-drenched | bushfire and flood overlays present | premium Howrah pocket, school catchment This propertyโ€™s competitive edge lies in its rare combination of size, aspect, and location-292mยฒ of solid concrete and block construction on a 639mยฒ lot in a sought-after Howrah enclave. The three living areas, study, and four bedrooms serve a family seeking separation and flow, while the balcony and outdoor entertainment area capitalise on the sweeping views and northern light. For a buyer prioritising space and a premium school catchment, this house offers a configuration difficult to replicate nearby, and its recent listing at a price within the estimated value range suggests room for negotiation without overpaying. The bushfire and flood overlays are the primary risk, directly affecting insurance premiums and potentially limiting future development or renovation flexibility-due diligence on insurer quotes is non-negotiable. Conversely, the propertyโ€™s rental yield midpoint of $1,015 per week against a $1.3M list price yields a gross return of roughly 4.1%, which is respectable for this segment and supports a hold strategy if the buyerโ€™s timeline allows. The 2019 purchase price is unknown, but the lack of recent comparable sales in Howrah means the buyerโ€™s offer should anchor to the lower end of the estimated value range to build equity from day one. Use this property as a long-term family home or a stable rental hold; its size and views will retain demand even if the market softens.

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

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Market Insight:

Howrah is an established eastern Hobart suburb with strong transport links, appealing to families and investors seeking lifestyle and proximity. Demand is driven by competitive bidding from upsizers and first-home buyers, leading to rapid sales. Recent house price growth has been robust, though unit growth is more varied, with the market characterised by tight supply and swift turnover. Future growth is supported by sustained buyer interest, but constrained by significant listing shortages and affordability pressures in a rate-sensitive environment.
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PropCred Estimated Value

Bedrooms

4

Bathroom

3

Parking

4

Land

639mยฒ

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