1 William Street, Longford TAS 7301
1 William Street, Longford TAS 7301
Family-sized house | 1,022m² block | owner-occupier suburb | close to Launceston | private treaty market
The property is considered a strong family offering, with four bedrooms, two bathrooms, and a generous 1,022 square metre block that provides room for outdoor living and future expansion. It is positioned in Longford, a well-regarded township known for convenient access to daily amenities and the broader Launceston area. The suburb’s owner-occupier market is dominant, which tends to support steady demand and a stable resale environment. Consequently, this house is likely to appeal most to families or owner-occupiers seeking a spacious, detached home on a substantial block within a short commute of regional services.
The property’s final value may be influenced most by its condition and level of modernisation, as older finishes or deferred maintenance could temper buyer enthusiasm. Its unusually large block might offer subdivision prospects or enhanced privacy, depending on local planning rules. The lack of recent renovation might position it as a project opportunity, while the surrounding owner-occupier environment could support downside protection.
>> Comparable Sales: No recent settled comparables | Property Price Band: $600k–$700k | Value Drivers: land size, location, condition
Detailed Independent Property Report prepared by PropCred Analyst team for 1 William Street, Longford TAS 7301
Checks found:
Value Risk
!
1
Liquidity Risk
!
1
Planning Risk
✓
Income Risk
✓
Execution Risk
!
1
Market Insight
Longford presents a tight, trade-up market. With 40% of residents over 55 and 39% owning outright, demand skews toward downsizers and childless couples (47% of households), supported by local trades and service workers. House medians hover around $549,000 across recent sources, though annual growth ranges from -3% to +10.9%; units show a firmer tone, with $460,000 median and 34.4% growth over two years. The rental market is exceptionally constrained, with a 0.24% vacancy rate and only five listings, underpinning yields near 4.5–5% for houses and units. Future activity hinges on infrastructure and school catchment; risks include thin sales volume (roughly 70 houses annually) and price sensitivity, with listings ranging $240k–$1.9m for houses and units $305k–$530k.
PropCred Estimated Value
Bedrooms
6
Bathroom
1
Parking
-
Land
1022m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst