33 Maritimo Way, Old Beach TAS 7017
33 Maritimo Way, Old Beach TAS 7017
Vacant land parcel in a new residential release | Old Beach fringe suburb with family buyer demand | Bushfire overlay likely applies | Larger block size probable | Genuine build-your-own opportunity
This property presents as a rare vacant land holding within a newer residential subdivision, where the surrounding street pattern indicates a deliberate land-release strategy rather than established infill. For a buyer seeking to construct a new detached house on their own terms, this offers control over design, finishes, and layout that existing homes cannot match. The land size is likely to be substantial, consistent with the low-density character of the area, which appeals strongly to families wanting yard space and a semi-rural feel while remaining within commuting distance of Hobart. The absence of an existing dwelling means no renovation constraints or inherited maintenance issues, making this most suitable for owner-occupiers with a clear building plan and a preference for a fresh start.
Value formation here may hinge on the exact lot dimensions, the orientation and slope of the land, and the specific overlay requirements that could affect building design or site preparation costs. The bushfire management overlay, if applicable, might necessitate particular construction standards or vegetation management, adding to the overall budget. The pace of local sales may be moderate, so a buyer could have room to negotiate on timing, but the scarcity of vacant lots within an active subdivision tends to support underlying land values. The eventual resale value will be driven by the quality of the home constructed, the street position, and how the completed property compares to surrounding new builds.
Detailed Independent Property Report prepared by PropCred Analyst team for 33 Maritimo Way, Old Beach TAS 7017
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Old Beach TAS 7017 is a low-volume market, with 74–85 house sales annually. Demand is supported by the rental profile: gross yields of 4.27% for houses and 5.54% for units, and weekly rents of $610 and $500 respectively. The median house price is $720,000, with annual growth ranging from 0.4% to 1.1%, flat but stable. Houses sell in 40 days on average, indicating balanced conditions. Units rose 10.51% quarterly to a $510,000 median, though the small sample limits interpretation. The thin sales base makes momentum difficult to confirm.
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PropCred Estimated Value
Comparable Sales: nearby vacant lots at 35 Maritimo Way and 24 Maritimo Way have traded in the low-to-mid $500,000 range and around $250,000 respectively | Property Price Band: $400,000–$500,000 | Value Drivers: land size, subdivision location, and overlay constraints influencing build feasibility
Bedrooms
3
Bathroom
2
Parking
6
Land
799m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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