2/11 Cadorna Street, Mowbray TAS 7248
2/11 Cadorna Street, Mowbray TAS 7248
2-bed unit, 3 car spaces | compact 111m² | convenient Mowbray | strong first-home and investor demand | easy-care layout
A 2-bed, 1-bath unit of about 111 m², this property is distinguished by three car spaces, a rare feature on such a compact footprint. In a car-reliant suburb, that parking is a genuine practical advantage. The unit sits in a convenience-led pocket near shopping, education, and services, and demand is supported by students, staff, and smaller households seeking affordable, low-maintenance living. First-home buyers and investors are the most likely candidates, given the modest size and strong rental appeal. The layout is considered workable for singles, couples, or tenancy purposes.
The sale price might be influenced by the property’s age and condition. Buyer perception could be affected by presentation, and an investor’s margin might be narrowed by refurbishment needs. Family appeal may be limited by the compact layout, while interest is likely to be sustained by the parking and location. These factors are worth weighing.
>> Comparable Sales: 2 Cadorna Street, 3-bed house with 6 car spaces, sold for $650,000 | Property Price Band: $500K to $600K | Value Drivers: parking provision, condition and presentation, layout practicality
Detailed Independent Property Report prepared by PropCred Analyst team for 2/11 Cadorna Street, Mowbray TAS 7248
Checks found:
Value Risk
!
1
Liquidity Risk
✕
2
Planning Risk
✓
Income Risk
✓
Execution Risk
✕
2
Market Insight
Mowbray TAS 7248 is a Launceston-edge market driven by young singles, with 26% aged 19–30 and a renter-heavy profile across detached houses. House prices show momentum, with medians around $472,500 and 8.62% annual growth, though days on market stretch from 25 to 40. Units lag, with conflicting growth figures between −5% and 9.8%, reflecting softer demand. Rental yields are firm at 5.6% for houses and 5.9% for units, supported by median weekly rents of $470 and $445. Sales volume is thin at 64 houses per year, limiting liquidity. Growth drivers include tight supply and steady investor interest, but risks centre on inconsistent unit performance and a modest, price-sensitive local income base.
PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
2
Land
213m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst