7 Edgar Street, Claremont TAS 7011
7 Edgar Street, Claremont TAS 7011
4 bed, 2 bath, 147sqm total floor area on an 845sqm corner block. Brick construction from 1965. Main residence is 3 bed, 1 bath with a separate 1 bed unit at the rear. Both dwellings are council approved and fully independent with their own yards and entries. Flood overlay applies to the land.
What is competitively strong about this property is the dual income configuration on a single title, which is relatively uncommon in Claremont and positions it differently to standard family homes. The corner block provides generous separation between the two dwellings, giving each genuine privacy and its own outdoor space. This layout serves investors seeking higher yield potential or multigenerational households wanting independence under one ownership structure. The 845sqm land size is generous for the area and the 17% building coverage leaves scope for future additions or landscaping. The brick construction and recent carpet renewal reduce immediate maintenance concerns. The property sits in a suburb that is attracting attention from buyers who recognise its affordability relative to Hobart’s inner suburbs and its improving amenity.
The flood overlay is the primary factor that might affect value, as it could influence insurance costs and restrict certain types of development or renovation. Buyers should verify what the overlay permits and whether it impacts their intended use. The 1965 build may require updates to electrical, plumbing, or insulation that are not immediately visible beyond the recent cosmetic work. The single bathroom in the main residence is a constraint for families or tenants who prefer more than one. The rear unit’s combined bathroom and laundry is functional but may feel compact. The property’s positioning on a corner block near a main road could introduce traffic noise that some buyers might want to assess in person. These factors do not diminish the property’s core strength but should be weighed when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 7 Edgar Street, Claremont TAS 7011
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Claremont presents as an affordable entry point with a clear divergence between its established house and unit markets. Demand is anchored by owner-occupiers, evidenced by strong capital growth in houses, which consistently outperform the unit segment. The market is active with solid sales volumes, though varying time-on-market metrics suggest a nuanced negotiation environment. Future growth will be supported by tight rental vacancy, but the suburb’s trajectory remains sensitive to broader economic conditions and interest rate movements.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
3
Land
845m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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