61 Hiller Street, Devonport TAS 7310
61 Hiller Street, Devonport TAS 7310
Central Hiller Street position | established character house stock | broad owner-occupier and investor appeal | walkable CBD access | unconfirmed exact build details
This property sits within a well-settled central Devonport street where older detached houses and a smaller number of units share a mature, convenient setting. The street’s character leans toward mid-century homes on generous blocks, many with original detailing such as polished floors, high ceilings, and established gardens. That combination of central location and period charm is not common in newer suburbs, and it tends to draw buyers who value walkability to shops, cafes, and the Living City precinct without sacrificing a traditional house feel. The most likely buyer here is an owner-occupier wanting a character home close to work and amenities, though the mix of stock also supports interest from first-home buyers and investors looking for steady rental demand near the CBD.
The property’s value may be shaped by how much original character has been retained or updated. A house with intact period features and modern essentials like heating, wiring, and a sound roof could command a noticeable premium, while one needing substantial renovation might appeal to buyers seeking a project at a lower entry point. Land size and layout flexibility are also likely to matter, as larger, level blocks on this street have historically supported dual-living setups or future extensions. The absence of confirmed building age and floor area means the final price will depend heavily on a physical inspection and title review, so buyers should weigh condition and block potential carefully before committing.
Detailed Independent Property Report prepared by PropCred Analyst team for 61 Hiller Street, Devonport TAS 7310
Checks found:
Value Risk
Liquidity Risk
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: 35 Hiller Street sold 2022, price undisclosed; 27 Hiller Street (1936, 1353m²) recent listing | Property Price Band: $450K–$550K | Value Drivers: condition and renovation level, land size and layout flexibility, central walkable location
Bedrooms
4
Bathroom
1
Parking
-
Land
802m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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