2/18 Jermyn Street, Ulverstone TAS 7315
2/18 Jermyn Street, Ulverstone TAS 7315
2-bed new-build unit | 188 m² low-maintenance | leased to mid-2026 | central Ulverstone pocket
This unit is a rare near-new offering in a street dominated by older, larger detached houses. Completed in 2023, it delivers modern finishes—stone benchtops, undermount sink, open-plan living—that most local stock lacks, making it a clear step up in condition and efficiency. The enclosed alfresco with servery window extends living space without adding upkeep, which suits downsizers seeking a lock-and-leave lifestyle or investors wanting a tenant-ready property with stable income. Its compact footprint is a deliberate trade-off for proximity to the CBD, schools, and the Leven River, placing everyday convenience above land size.
The current lease until August 2026 provides immediate rental certainty, but it also means an owner-occupier cannot move in straight away—a factor to weigh if timing matters. The 188 m² allotment limits future expansion, and the unit-style title may appeal less to buyers seeking traditional house flexibility. Rental demand appears steady, with achievable weekly returns around the mid-$400s, which supports investor interest. Orientation and internal layout details are not yet confirmed, so a physical inspection is advisable to verify natural light and privacy before forming a final price view.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/18 Jermyn Street, Ulverstone TAS 7315
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
1
URL has been copied successfully!
Market Insight
Ulverstone, on Tasmania’s north-west coast, presents a contained but active market. Demand is driven by established locals aged 50–69, concentrated in trades and community services, and supported by rental returns of 4.7% for houses and 4.2% for units, with median weekly rents of $480 and $400 respectively. House prices reached $565,000–$570,000, reflecting 12.8% compound annual growth and 14% annual capital growth; units rose 7.5% to $470,500. Stock turns quickly, at 37 days on market. Future growth is anchored by a 2.91% population increase since 2016 and steady regional buyer activity. Key constraints are a slim sales base of 109–117 transactions annually and Tasmania’s median house price of $619,599, which caps upside for the locality.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 8/2a Jermyn St (2-bed unit, no sold price) and 26 Jermyn St (3-bed house, $615K) | Property Price Band: $550K–$650K | Value Drivers: near-new condition, current lease income, central location with low-maintenance appeal
Bedrooms
2
Bathroom
1
Parking
1
Land
188m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!