1 Burwood Drive, Blackmans Bay TAS 7052
1 Burwood Drive, Blackmans Bay TAS 7052
Large north-facing block with reserve outlook | 7.5kW solar system | 8-car capacity with drive-through | multiple living zones for multigenerational use
This propertyโs primary buying case rests on its rare combination of a 2,801 mยฒ north-facing block, reserve frontage, and extensive shedding for boats or caravansโfeatures that command a premium in Blackmans Bay. The 213 mยฒ floor plan with separate rumpus room and study serves families needing distinct zones for work and recreation, while the solar system and orientation reduce ongoing energy costs. The configuration suits buyers seeking a long-term holding with space for expansion or multigenerational living, and the reserve backdrop provides privacy that is difficult to replicate at this price point.
The key risk is the premium pricing relative to the local median of $800,000, which narrows the buyer pool to those specifically valuing land area and shedding capacity. The 2016 last sale date suggests limited recent turnover data, making valuation dependent on comparable large-block sales. Buyers should verify the 7.5kW solar systemโs age and inverter condition. The propertyโs best use is as a family home with potential for subdivision or granny flat development, subject to council checks. Hold for land appreciation rather than short-term flip.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Blackmans Bay is a family-oriented suburb with a professional demographic, positioning it as a stable residential enclave within Greater Hobart. Demand is primarily driven by established households, supported by a consistent professional income base. Recent market conditions show a period of price recalibration, with sales volumes remaining steady. Future growth is underpinned by broader Tasmanian rental pressures and a constrained housing supply, though the market exhibits sensitivity following a previous growth cycle.