1/90 North Fenton Street, Devonport TAS 7310
1/90 North Fenton Street, Devonport TAS 7310
Compact unit in established inner-Devonport pocket | Likely 2-bed, 1-bath, 1-car configuration | Strong rental demand with fixed lease potential | Near waterfront and primary school | Older brick construction, modest footprint
This unit sits in a well-established part of Devonport where compact, low-maintenance housing is the norm. The likely configuration of two bedrooms, one bathroom, and a single car space suits first-home buyers, downsizers, or investors seeking reliable rental income. Its proximity to the waterfront and a sought-after primary school adds practical appeal, making it a convenient choice for those wanting walkable access to the Mersey River and local amenities. The modest size and shared-complex nature keep upkeep simple, which is a clear advantage for buyers prioritising location and ease over space. This property serves best as a solid entry-level purchase or a dependable addition to an investment portfolio, given the area’s steady demand for smaller, well-located units.
The value of this unit may be shaped by its age and condition relative to similar stock in the street. Renovations, such as an updated bathroom or modern heating, could lift its appeal and price, while original finishes might limit growth until improved. The absence of a large private yard or standalone title may constrain how much buyers are willing to pay, though the north-facing orientation and private outdoor space, if present, could offset this. Parking and the quality of the complex’s shared areas may also influence perceived worth. Buyers should weigh these factors when forming a view on price, as they are more likely to drive value than the land itself.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/90 North Fenton Street, Devonport TAS 7310
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
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Market Insight
Devonport, a regional Tasmanian centre, draws demand from childless couples, families, and single parents across a 14,481-person suburb. House prices have risen 8.5–15.5% annually depending on source, with medians spanning $499k–$555k; units lag, showing -0.4% to 2.5% growth and medians around $390k–$410k. Stock sits at 4% with a -3% vendor discount, and median days on market range from 26 to 84, signalling variable conditions despite consistent sales volumes of 174–281 houses yearly. Rental yields are firm: 4.0–4.9% for houses and 4.7–5.5% for units, with weekly house rents near $480–$490. Established local agency activity supports turnover, but unit price stagnation and affordability constraints temper the outlook.
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PropCred Estimated Value
Comparable Sales: 1/130 North Fenton Street sold for $210,000 in 2019; 3/96A North Fenton Street sold for $390,000 in 2022 | Property Price Band: $300,000–$400,000 | Value Drivers: condition and renovation level, north-facing aspect, proximity to waterfront and school.
Bedrooms
2
Bathroom
1
Parking
1
Land
454m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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