55 Alexander Street, Shearwater TAS 7307
55 Alexander Street, Shearwater TAS 7307
4-bed on 770m² | coastal lifestyle | single-bath trade-off | generous block
The property is regarded as a spacious four-bedroom house on a generous 770m² lot, a configuration that is seen as offering a balance of indoor space and outdoor flexibility. Strong appeal is supported by its coastal setting, which is within the Port Sorell primary school intake and a short distance from beaches and shopping. This appeal is expected to suit family buyers, holiday-home seekers, and sea-change purchasers best. The single-bathroom layout is the notable compromise, but the land size and bedroom count are expected to outweigh that for many buyers.
The property’s value might be influenced by the condition of the single bathroom and the need for any building updates. The large block might be considered for potential subdivision, subject to approvals, which could add investment appeal. Coastal exposure may be associated with ongoing maintenance costs, and the mixed-use character of the street might affect perceived privacy. These factors should be weighed when forming a price view.
>> Comparable Sales: 5 Alexander Street (Dec 2024) sold $656,150 | Property Price Band: $700K-$800K | Value Drivers: land size, four-bed layout, and bathroom configuration
Detailed Independent Property Report prepared by PropCred Analyst team for 55 Alexander Street, Shearwater TAS 7307
Checks found:
Value Risk
!
1
Liquidity Risk
✓
Planning Risk
!
1
Income Risk
!
1
Execution Risk
✓
Market Insight
The suburb holds a middle-market position, with median house prices between $745,000 and $755,000 and units at $480,000. Gross yields of 4.12% for houses and 4.94% for units, plus weekly rents of $560 and $465 respectively, signal investor demand, while the more affordable unit segment and stronger 6.31% annual unit growth suggest investor-led momentum. House conditions are less assured; annual growth estimates range from -0.53% to 5.96%, implying mixed or cooling momentum. Turnover is thin, with only 46-49 house sales annually, and a 64-day median marketing period signals no urgency among buyers. Unit rental demand appears firmer, and the yield premium over houses favours investor focus, but limited transaction depth is a constraint.
PropCred Estimated Value
Bedrooms
4
Bathroom
1
Parking
3
Land
770m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst