35 Harold Street, Kings Meadows TAS 7249
35 Harold Street, Kings Meadows TAS 7249
Elevated north-facing aspect | sweeping views | 1969 brick veneer | Kings Meadows school zone | updated interior
This property’s competitive advantage is its elevated north-facing position on a 521sqm block, which delivers all-day sun and views that are increasingly rare in Kings Meadows. The 1969 brick veneer construction is solid and the recent interior update removes the need for immediate cosmetic work. For a buyer seeking a move-in-ready house with good bones and a strong orientation, this is a sensible entry point into a sought-after suburb with Norwood Primary intake. The separate dining room and deck add functional living space that suits a family or professional couple.
The primary risk is the 22% building coverage, which limits future extension potential without council approval. The 2018 purchase price of $305,000 shows strong capital growth but also means the current asking sits at the upper end of the estimated range. No flood, bushfire, or heritage overlays reduce insurance and approval friction. The rental yield at $570pw offers a 4.8% gross return, workable for an investor but not exceptional. Hold this property for its land value and orientation, not for short-term flipping.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 35 Harold Street, Kings Meadows TAS 7249
Market Insight:
Kings Meadows is a stable, professional suburb within the Launceston hub, attracting buyers seeking lifestyle and affordability. Demand is driven by investors and owner-occupiers, supported by steady rental growth and a balanced market where properties transact efficiently. Recent price trends have been measured, reflecting a period of consolidation. Future growth is underpinned by its regional centre appeal, though the market remains sensitive to broader economic conditions and constrained housing supply.