13 Smith Street, North Hobart TAS 7000
13 Smith Street, North Hobart TAS 7000
3-bed character home | dual-access parking | 301 m² block | renovated interior | North Hobart lifestyle
This house is positioned as a rare inner-suburban configuration, where a 301 m² parcel is combined with vehicle access from George Street and pedestrian entry from Smith Street. The character presentation, with polished timber floors, high ceilings, a fireplace and a renovated bathroom, is understood to appeal strongly to owner-occupiers who want period charm without sacrificing modern comfort. The dual access is a genuine advantage in a tightly held part of North Hobart, where parking is often constrained. The enclosed outbuilding and multiple decks are seen as extending the usable living space, making the property most suited to buyers seeking a low-maintenance, lifestyle-oriented home within walking distance of the city and the dining precinct.
The sale price may be influenced by the relatively modest land area and the lack of a confirmed building age, both of which might be weighed by buyers comparing against larger or newer alternatives. The renovated bathroom and reverse-cycle air conditioning are likely to be valued, but the single bathroom and uncertainties around zoning or heritage overlay could be affecting how far buyers stretch. The strength of the location and the rarity of dual access may support a premium, while the final price might be determined by how many owner-occupiers are willing to trade internal space for the outdoor entertaining and parking package.
>> Comparable Sales: 65 Smith Street sold $735,000; 27 Smith Street sold $770,000 (2021) | Property Price Band: $1.1M-$1.2M | Value Drivers: dual-access parking, renovated character condition, 301 m² block
Detailed Independent Property Report prepared by PropCred Analyst team for 13 Smith Street, North Hobart TAS 7000
Checks found:
Value Risk
✕
2
Liquidity Risk
!
1
Planning Risk
!
1
Income Risk
✓
Execution Risk
✕
2
Market Insight
North Hobart TAS 7000 sits as an inner-city precinct with strong connectivity to Hobart CBD via major roads and bus routes, and access to well-regarded public school catchments. Demand is driven by local families, professionals, and downsizers seeking proximity to amenities and employment, alongside investors attracted by rental demand. House prices have fallen sharply, down 11.73% annually to a median of $869,500, with 34 days on market and thin volume of 28 sales. Units have outperformed, rising 8.36% to $791,000. Gross yields are comparable at 3.89% for houses and 3.95% for units, with weekly rents at $600 and $605 respectively. Future support comes from tight supply, low listings, and an undersupplied rental market, but affordability constraints and higher borrowing costs may limit buyer participation, while investor activity remains sensitive to yield conditions.
PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
301m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst