3 Montagu Bay Road, Montagu Bay TAS 7018
3 Montagu Bay Road, Montagu Bay TAS 7018
Renovator opportunity in elevated Montagu Bay | Water views, 654m² land, 167m² home | Desirable street near CBD | Solar panels installed
This property offers a rare combination of land size, elevation, and position in a sought-after street close to the Hobart CBD. The 654m² block with 26% building coverage provides significant scope for extension or reconfiguration, while the existing 167m² footprint already delivers multiple living spaces. The water views and proximity to the water’s edge give it a location advantage that is difficult to replicate at this price point. It is best suited to buyers who can see past the current condition and value the underlying land and positioning over a move-in-ready finish.
The primary risk is the renovation requirement, which introduces cost and timeline uncertainty, particularly given the single bathroom and dated layout. Buyers should budget for a full internal overhaul and potential structural upgrades. However, the solar panels and FTTP connectivity reduce ongoing utility and connectivity costs, and the absence of bushfire or heritage overlays simplifies approvals. The opportunity lies in capturing equity through renovation in a suburb where median prices for three-bedroom houses sit at $704,000, suggesting strong underlying demand once the work is completed.
Detailed Independent Property Report prepared by PropCred Analyst team for 3 Montagu Bay Road, Montagu Bay TAS 7018
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
2
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Market Insight
Montagu Bay is an established, high-amenity suburb attracting affluent professionals and childless couples, evidenced by its high owner-occupancy and premium property values. Demand is driven by this demographic seeking quality housing, supported by consistent population growth. Recent price trends show a stable but tightly held market with low sales volume, indicating supply constraints and some price sensitivity. Future growth is underpinned by its desirability, though this same constraint on new supply and high entry prices present ongoing affordability challenges for new buyers.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
653m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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