1/10C Cromwell Street, Perth TAS 7300

1/10C Cromwell Street, Perth TAS 7300
3-bedroom unit in Perth | 428sqm block with bushfire overlay | built-in robes in all bedrooms | off-market with recent rental history This unit offers a rare configuration for the area-three bedrooms with built-in robes and two bathrooms in a compact format that typically attracts both downsizers and first-home buyers seeking low-maintenance living. The 428sqm block provides usable outdoor space without excessive upkeep, and the contemporary finishes reduce immediate capital expenditure. Its position within the Perth Primary School intake area adds family appeal, while the recent rental history at $580 per week suggests strong tenant demand. For an owner-occupier, this represents a turnkey proposition; for an investor, the yield potential is above average for the Northern Midlands market. The bushfire overlay is the primary risk, potentially increasing insurance costs by 20โ€“30% and limiting some financing options. The off-market status may indicate motivated selling circumstances, creating negotiation leverage. No heritage or flood constraints are present, which simplifies due diligence. The absence of FTTP broadband is a minor drawback for remote workers but not a dealbreaker given 4G coverage. Hold this property as a long-term residential investment or entry-level home, with the bushfire risk managed through adequate insurance and defensible space maintenance.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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Market Insight:

Perth’s market is defined by a severe and persistent supply shortage, with listings critically low against strong demand. This imbalance is driven by robust population growth, significant income gains, and targeted first-home buyer support, creating intense competition. The resulting conditions have delivered sustained and substantial capital growth, particularly for units, while rental yields remain compelling amid near-zero vacancy rates. Future performance hinges on the ongoing supply deficit, with affordability pressures and construction costs acting as key constraints on new stock.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

2

Land

428mยฒ

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