11 Mcguinness Cres, Lenah Valley TAS 7008

11 Mcguinness Cres, Lenah Valley TAS 7008
746m² two-level view house|Derwent vistas from main living|tenanted at $770/wk to Jan 2027|gas fireplace plus heat pump|modern kitchen with island dining The property is considered a strong lifestyle-and-income offering in Lenah Valley. Its two-level configuration on 746 square metres, with Derwent River views from the main living zone, is rarely combined with a modern kitchen, gas fireplace, reverse-cycle heat pump, and floor-to-ceiling tiled bathroom. The established garden and timber sundeck are well-suited to low-maintenance outdoor living. With the current lease at $770 per week until January 2027, the house is best aligned with investors seeking dependable rental performance, although owner-occupiers with flexible timing may be drawn to the finish, outlook, and proximity to schools, shops, and cafes. The property holds a competitive edge in a suburb dominated by older and renovated family homes, as few match this level of presentation, view, and tenant stability. The buyer pool might be narrowed by the fixed tenancy, yet the reliable $770 weekly rent could be seen as a strength for investors. The two-car parking and split-level layout might be viewed as less practical for some families. Value enhancement opportunities are apparent in the rear deck and garden, while the elevated outlook and modern condition are expected to hold demand. The lease end in January 2027 might be aligned with future owner-occupation plans, but current rental income may be weighed against personal use.
Detailed Independent Property Report prepared  by PropCred Analyst team for 11 Mcguinness Cres, Lenah Valley TAS 7008
Checks found:
Value Risk ✓
Liquidity Risk ✓
Planning Risk ✓
Income Risk ✓
Execution Risk ✓
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Market Insight

Lenah Valley is a higher-income Hobart suburb, with typical resident earnings in the $78k–$130k bracket and a 2021 median household income near $1,913 weekly, anchoring steady owner-occupier demand. House prices sit between $782k and $822.5k, with annual growth of 5–6.7%, while units have weakened, falling 2.6–3.9% to a median near $546k–$560k. Houses turn over in a median 14 days with annual sales volume of 67–79, indicating tight supply and quick buyer decisions. Gross yields are modest but positive: 4.23% for houses and roughly 5% for units, with weekly rents of $600 and $510 respectively. The divergence between rising house values and falling unit prices suggests buyers are prioritising land and family-style housing over attached stock. Future growth will depend on Hobart’s affordability ceiling and interest-rate sensitivity, given the elevated entry price relative to local earnings.
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PropCred Estimated Value

Comparable Sales: 19 McGuinness Crescent (sold low $900s) and 14 Firth Road (sold high $800s) | Property Price Band: $900K-$1.0M | Value Drivers: modern condition, Derwent outlook, 746m² land

Bedrooms

3

Bathroom

2

Parking

2

Land

753m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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