10 Fairway Avenue, Lulworth TAS 7252
10 Fairway Avenue, Lulworth TAS 7252
Lifestyle block with basic dwelling | 3902 m² land rare in area | Appeals to weekender buyers | 45 minutes to Launceston | Large shed adds utility
This property is defined by its unusually large landholding paired with a compact one-bedroom dwelling and a substantial shed, a configuration rarely found within the Lulworth market. It is best suited to buyers seeking a semi-rural lifestyle within commuting distance of Launceston, where the emphasis is on land potential rather than conventional accommodation. The combination of size and location positions it as a distinctive lifestyle holding rather than a standard suburban home, with the shed and kitchenette offering immediate practical utility.
The value may be influenced by the inconsistency in recorded land sizes across different sources, which could affect perceived utility and future development potential. Since the building age and construction quality are not established from available records, on-site verification is recommended. Limited comparable sales in the area mean the price is likely driven by the land component’s appeal to lifestyle buyers, so the property might command a premium for its rarity but require careful condition assessment.
Detailed Independent Property Report prepared by PropCred Analyst team for 10 Fairway Avenue, Lulworth TAS 7252
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
2
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Market Insight
Lulworth is a tightly held, mature coastal community dominated by established families, creating a stable and low-turnover market. Demand is driven by this resident owner-occupier base, with limited investor activity reflected in moderate rental yields. The market exhibits strong price momentum, with houses transacting swiftly, indicating sustained buyer competition in a low-supply environment. Future growth is underpinned by this inherent scarcity, though the suburb’s demographic maturity and limited sales volume suggest sensitivity to broader economic shifts.
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PropCred Estimated Value
Bedrooms
1
Bathroom
1
Parking
2
Land
3902m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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