1/64 Wariga Road Glenorchy TAS 7010

Immaculate brick villa | Low-maintenance 268m² land | Two car spaces | Prime Glenorchy location This property presents a competitively strong offering as a meticulously maintained, single-level villa in a highly convenient setting. Its two secure car spaces and separate laundry are practical advantages often absent in units, serving astute owner-occupiers seeking ease or investors targeting durable rental appeal. The light-filled, open-plan layout and reverse-cycle air conditioning define a modern, low-maintenance living proposition. The decision hinges on the recent sale. Purchasing requires immediately overcoming the vendor’s price expectation, which has risen sharply following the May 2024 acquisition. This rapid appreciation demands scrutiny, though the reliable rental estimate supports an investment hold. Proceed only with a disciplined commercial logic that validates the current ask against genuine post-renovation value, not sentiment. Our detailed report provides the essential real market valuation and locality risk assessment to anchor your offer. Recent sales data provides critical context. The subject property itself sold for $450,000 in May 2024. The current median price for a two-bedroom unit in Glenorchy is $474,000, based on thirty-four sales this year. This indicates the vendor’s current asking price seeks a premium above both its recent purchase price and the broader suburb median for this typology.