44 Chandos Drive, Berriedale TAS 7011

Berriedale family home | Flood overlay present | 688sqm land | 15% building coverage | 1976 build The property’s competitive strength lies in its low building coverage on a generous 688sqm block, offering rare expansion or reconfiguration potential within a family-friendly suburb with high owner-occupancy and long-term residents. The 1976 build is well-maintained, reducing immediate capital outlay, and the location serves owner-occupiers seeking Rosetta Primary School catchment and solid connectivity. For investors, the rental yield is moderate but supported by stable local demand. The detected flood overlay is the primary risk, requiring due diligence on insurance costs and any development restrictions before purchase. The short listing duration suggests initial market interest, but the recent February 2024 sale at $485,000 indicates rapid value growth that may not be sustainable. Opportunity lies in negotiating from the overlay risk, while the low building coverage allows for future value-add through extension or subdivision, subject to council approval.