304/431 Elizabeth Street, North Hobart TAS 7000
304/431 Elizabeth Street, North Hobart TAS 7000
Spacious new build in walkable North Hobart | 3-bedroom apartment with two secure car spaces | High-end finishes rarely offered in this configuration | S. Group design quality
This property represents a rare combination of size and specification in a tightly held inner-city pocket. The 90m² internal floor plan with three bedrooms and two bathrooms is generous by apartment standards, while the inclusion of two garage spaces and a tiled balcony adds functional value that most comparable units lack. The double glazing, engineered timber flooring, and stone benchtops signal a build quality that should hold its appeal for owner-occupiers seeking a low-maintenance alternative to period homes. For investors, the rental midpoint of $840 per week suggests strong yield potential relative to the asking range, supported by North Hobart’s enduring demand from professionals and downsizers.
No material risks have been identified from the available data, though the property’s recent listing history—withdrawn in 2020 before completion—warrants a brief enquiry into any construction delays or strata levy adjustments. The lack of bushfire, flood, or heritage overlays simplifies due diligence, and the FTTP connection adds a practical edge for remote workers. The opportunity lies in securing a near-new unit with premium fixtures in a suburb where comparable stock rarely trades; buyers who act decisively may benefit from limited competition in this configuration.
Detailed Independent Property Report prepared by PropCred Analyst team for 304/431 Elizabeth Street, North Hobart TAS 7000
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
1
URL has been copied successfully!
Market Insight
North Hobart is a premium inner-city suburb, characterised by tight supply and strong rental demand. Demand is driven by local families and professionals seeking its lifestyle and proximity to amenities, alongside investor interest. While the house market has softened, the unit segment shows resilience. Future growth is underpinned by its enduring appeal and connectivity, though affordability pressures and persistent supply constraints present key risks to broader market participation.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
131m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!