84 Brent Street, Glenorchy TAS 7010
84 Brent Street, Glenorchy TAS 7010
4-bed on 668sqm | 3-car secure parking | 1962 needing updates | rent $620 to $640 pw | near schools
A clear competitive edge is offered by this house’s four bedroom detached layout on a 668 square metre lot, a configuration that is not commonly seen in the immediate street. The secure three car parking and fully fenced yard are practical benefits for families, while the 1962 build is characteristic of Glenorchy’s established mid century housing. The property is positioned close to schools, shops, and public transport, which supports everyday convenience. That combination is best suited to a family seeking a functional long term home, or to an investor looking for dependable rental demand, as the $620 to $640 weekly rental appraisal implies a gross yield in the mid five percent range.
Value might be affected by the 1962 build’s condition, particularly kitchen and bathroom finishes. Separate lounge and outdoor spaces may support family living, but maintenance is a possibility. Upgrade costs should be weighed against rental and resale benefits. Convenient location and land size hold value, though absent views or character may limit appreciation.
>> Comparable Sales: 79 Brent St sold $600,000 in 2023, 1/66 Brent St sold $615,000 in 2022 | Property Price Band: $600k to $700k | Value Drivers: land size, layout, condition
Detailed Independent Property Report prepared by PropCred Analyst team for 84 Brent Street, Glenorchy TAS 7010
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Glenorchy, part of Greater Hobart, is attracting affordability-driven buyers and investors as Hobart’s undersupplied rental market tightens further: vacancy sits below 0.5% and houses lease within days. Median house prices are $600,000–$605,000, with annual growth of 6.4–8.0%; units range $464,700–$500,000, growing 3.8–11.1%. Houses sell in a median 36 days, while gross yields are 4.8–5.2% for houses and 5.1–5.6% for units. Momentum comes from Hobart’s 26% supply reduction, a 37.1% sales increase following lower rates, and a state shortfall of 2,426 new approvals against 3,298 needed annually. Rental listings in the Hobart area fell 9.9% to 192 houses, deepening the shortage. Key constraints remain affordability and interest-rate sensitivity, with a modest sales volume of about 145–149 houses annually.
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PropCred Estimated Value
Bedrooms
4
Bathroom
1
Parking
3
Land
647m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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