14 Dickson Street, Glenorchy TAS 7010

14 Dickson Street, Glenorchy TAS 7010
Corner allotment | 724m² land | 3 bed 1971 weatherboard | Rental yield 4.91% | 10 days on market This property’s primary strength is its substantial corner allotment, offering dual driveways and multiple vehicle parking on a land parcel significantly larger than typical suburban offerings. The established garden and all-day sun enhance livability, while the current rental estimate suggests strong income demand, serving investors seeking yield or owner-occupiers valuing space and access over modern finishes. Its rapid current listing period indicates immediate market recognition of this configuration. The 1971 build necessitates a stringent building inspection, with potential renovation costs offsetting the land value advantage. The internal area discrepancy between sources requires clarification, as it impacts valuation. For a buyer, the commercial logic is acquiring land size and rental appeal at a price point near the suburb median. Proceed with a conditional offer, targeting the lower estimate range, as a long-term hold for capital growth or a high-occupancy rental.

Market Insight:

Glenorchy is positioned as an affordable entry point to Greater Hobart, benefiting from its proximity to the city’s infrastructure. Demand is driven by buyers seeking value and investors capitalising on an acutely undersupplied rental market, with vacancy rates critically low. Recent price trends show solid growth across both houses and units, supported by strong buyer interest and rapid sales. Future growth is underpinned by the persistent housing shortage across Tasmania, though this same supply constraint presents a key risk to affordability and market balance.

PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

4

Land

726m²

Built

Recent Assessments