24 Canberra Road, Claremont TAS 7011
24 Canberra Road, Claremont TAS 7011
Renovated 3-bed brick | water views | 641m² block | single bathroom | settled long-term street
A strong position is occupied within Claremont’s housing market. A fully updated interior, water views, and a sizeable 641m² block are combined in this property, which is uncommon for the suburb’s standard 3-bedroom stock. The renovated kitchen and bathroom, polished timber floors, and new carpet are given above-typical presentation, while practical utility is provided by the under-house workshop. The open-plan living and deck are designed to take in the outlook, appealing strongly to families seeking move-in condition without inner-Hobart prices. The settled street and active demand for 3-bedroom houses are expected to favour owner-occupiers, especially those wanting a low-maintenance yet substantial family home.
The single bathroom is considered a limitation, though partially addressed by a separate toilet. Water views may be affected by deck orientation, and the 641m² block is considered moderate. Market activity might be affected by broader conditions, but the renovated interior is likely to support price stability.
>> Comparable Sales: 33 Canberra Rd $540k | Property Price Band: $600k-$700k | Value Drivers: renovated, water views, 641m² land
Detailed Independent Property Report prepared by PropCred Analyst team for 24 Canberra Road, Claremont TAS 7011
Checks found:
Value Risk
!
1
Liquidity Risk
✕
2
Planning Risk
✓
Income Risk
✕
2
Execution Risk
✕
2
Market Insight
Claremont sits as a value-oriented entry point in the Greater Hobart market, with houses trading around $562,750–$580,000 after 8.2–10.5% annual growth, while units are softer at $445,000–$482,000, flat to slightly down. Investor demand is underpinned by gross yields of 5.05% for houses and 5.68% for units, well above broader metro norms, and a tight 0.42% vacancy rate. Sales activity is steady at 126–137 house transactions over the year, though time-on-market data varies widely from 25 to 106 days, pointing to price-sensitive conditions. The lack of catch-up in unit values and patchy turnover suggest buyers are discriminating. Limited stock and low vacancy support the rental outlook, but the wide spread in selling days and flat unit prices cap the upside story in the near term.
PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
-
Land
641m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst