112 George Street, Devonport TAS 7310
112 George Street, Devonport TAS 7310
3-bed house | 731 m² land | central Devonport | school catchment | no parking listed
This property offers a practical footprint for buyers seeking a freestanding house on a genuinely useful block in a central Devonport location. The 731 m² land area provides meaningful outdoor space, which is increasingly uncommon in inner-suburban settings and gives future flexibility for extensions, landscaping, or simply room to spread out. Its position within established school catchments, including Nixon Street Primary and Devonport High, strengthens its appeal to families, while the modest 95 m² building area suggests a manageable renovation project or a comfortable low-maintenance home for those prioritising location over internal size. The property is best suited to owner-occupiers wanting to enter a well-connected suburb without paying a premium for larger, more elaborate homes.
The absence of off-street parking may be a practical constraint for households with multiple vehicles or those accustomed to dedicated garaging, and it may factor into how the property is compared against nearby alternatives. The building’s age is not confirmed, which could mean original finishes or a mix of updates; buyers should inspect for structural condition, insulation, and any deferred maintenance that might affect immediate outgoings. The asking position, set below the suburb’s median, may reflect these unknowns, and the potential to add value through modest upgrades or a future extension could be a realistic opportunity, depending on council allowances and the home’s existing layout.
Detailed Independent Property Report prepared by PropCred Analyst team for 112 George Street, Devonport TAS 7310
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
1
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Market Insight
Devonport, a regional Tasmanian centre, draws demand from childless couples, families, and single parents across a 14,481-person suburb. House prices have risen 8.5–15.5% annually depending on source, with medians spanning $499k–$555k; units lag, showing -0.4% to 2.5% growth and medians around $390k–$410k. Stock sits at 4% with a -3% vendor discount, and median days on market range from 26 to 84, signalling variable conditions despite consistent sales volumes of 174–281 houses yearly. Rental yields are firm: 4.0–4.9% for houses and 4.7–5.5% for units, with weekly house rents near $480–$490. Established local agency activity supports turnover, but unit price stagnation and affordability constraints temper the outlook.
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PropCred Estimated Value
Comparable Sales: 93 George Street sold at a similar scale and era; 114 George Street reflects upgraded condition nearby | Property Price Band: $550K–$650K | Value Drivers: land size, renovation potential, school catchment proximity
Bedrooms
3
Bathroom
1
Parking
1
Land
731m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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