10 Addison Street Devonport TAS 7310
10 Addison Street Devonport TAS 7310
Corner allotment | 680m² land | 1957 build | Quiet pocket | Near primary & high schools
This property presents a competitively sized landholding in a established, convenient location. The 680m² corner block offers a tangible configuration advantage over standard lots, providing greater flexibility for use, extension, or outdoor living. Its position within walking distance to both primary and high schools creates inherent demand from owner-occupiers and rental tenants alike, a strength underscored by its current tenancy. The house itself is typical local stock, serving buyers seeking a low-maintenance, three-bedroom home in a quiet setting.
The primary decision hinges on reconciling the asking price against the limited recent sales evidence, with a significant 2013 sale price offering little current guidance. The absence of environmental overlays mitigates holding risk, while the established rental profile supports an investment case. Proceed with an offer strategy informed by a contemporary valuation and detailed locality due diligence, for which our property report provides the necessary market comparables and risk assessment framework.
Detailed Independent Property Report prepared by PropCred Analyst team for 10 Addison Street Devonport TAS 7310
Checks found:
Value Risk
!
1
Liquidity Risk
!
1
Planning Risk
✕
2
Income Risk
✓
Execution Risk
✓
Insight: 10 Addison Street Devonport TAS 7310
Devonport is a well-established regional centre with a diverse demographic base supporting its residential market. Demand is driven by a mix of family types seeking entry-level affordability and established housing. The house market has demonstrated robust capital growth, significantly outpacing the unit segment, and properties are transacting with relative speed, indicating solid buyer appetite. Future growth is underpinned by its role as a key service hub, though market conditions show variability in selling times, presenting a balanced but nuanced opportunity.
PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
-
Land
680m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst