9/1 Creswells Row, Hobart TAS 7000

9/1 Creswells Row, Hobart TAS 7000
Modern townhouse | 2003 build | 3 levels | Gated complex | Furnished & tenanted This three-level, fully furnished townhouse presents a compelling turnkey investment in a secure Hobart complex. Its 2003 construction and three-bedroom layout offer genuine space rare in central locations, catering directly to high-demand professional tenants, as evidenced by the existing lease. The property’s position in a highly convenient pocket ensures sustained rental appeal and capital stability from demographic demand, with the complex pool and gated access providing premium amenities. Proceed with caution due to significant data discrepancies on land size and last sale date, which obscure true value and potential strata implications. The minimal marketing exposure suggests a motivated vendor, creating a negotiation opportunity. Secure a strata report to clarify common costs and bylaws. This property is best acquired as a long-term hold for reliable, managed yield, not for immediate repositioning or speculative gain.

Market Insight:

Hobart’s central positioning offers a vibrant cultural scene and strong connectivity, attracting professionals and families. Investor activity is prominent, driven by a tight rental market and resilient demand amid significant supply constraints. While the house market has softened, units show stronger momentum, with affordability and critically low listings presenting both a key growth driver and a primary risk to future value.

PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

1

Land

280m²

Built

Recent Assessments