1/188 Churchill Avenue, Sandy Bay TAS 7005
1/188 Churchill Avenue, Sandy Bay TAS 7005
Ground-floor apartment in boutique three-unit block | Opposite Hutchins School | Renovated 2018 with low body corporate | Strong rental yield in 7.3% growth suburb
This property’s competitive strength lies in its combination of a ground-floor position within a very small complex, a recent renovation, and an absence of active body corporate fees. For a buyer, this means reduced ongoing costs and fewer neighbours, which is rare in a 1974 build. The location directly opposite Hutchins School and near UTAS creates a stable demand pool from both families and investors, supporting a rental estimate of $560–$600 per week. The 85m² internal area with separate laundry and shared outdoor entertaining area serves first-home buyers, downsizers, or investors seeking low-maintenance living in a prestige suburb.
The primary risk is the bushfire overlay, which may increase insurance premiums and affect long-term insurability. The 1974 construction, while renovated, could require future updates to systems or insulation that the 2018 reno may not have addressed. The asking price sits above recent valuations of $627,000–$653,000, suggesting negotiation room exists, particularly given the property has been listed only three days. For an investor, the low strata fees and strong yield offset this premium, while a buyer-occupier should factor in potential insurance costs and confirm the strata arrangement’s long-term viability.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/188 Churchill Avenue, Sandy Bay TAS 7005
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
1
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Market Insight
Sandy Bay is Tasmania’s premier affluent suburb, with demand driven by professionals and families drawn to its prestige and proximity to Hobart’s amenities and quality schools. The housing market demonstrates resilience with solid sales activity, though recent trends show mixed performance with unit prices under pressure. Future growth is anchored by its established desirability and low vacancy rates, yet high price points constrain affordability and the market remains sensitive to broader economic conditions.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
85m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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