10 Johnston Street, Moonah TAS 7009
10 Johnston Street, Moonah TAS 7009
Period home with dual-unit approvals | flat 759sqm block in Moonah growth corridor | 4 off-street car spaces | flood overlay but no heritage constraints
The property’s primary value lies in its approved dual-occupancy development rights on a rare level block exceeding 750sqm in a suburb with 2.9% annual growth. For a developer or investor, this eliminates the typical 12-18 month approval risk and holding costs, while the existing period house offers immediate rental income or staged renovation. The 4 parking spaces and FTTP connectivity are practical advantages for future tenants, and the Moonah Primary School catchment adds family appeal. This best serves buyers seeking a turnkey development project with immediate cashflow potential or a landbanking opportunity in a corridor with strong rental yields near 4.8%.
The flood overlay adds insurance cost and may limit some financing options, though the absence of bushfire or heritage constraints simplifies construction. The 79sqm floor area on the existing house is small relative to the block, meaning the redevelopment value significantly outweighs the current dwelling’s worth. The price per square metre at listing is above the estimated value, suggesting the approvals are being priced in – a buyer should negotiate based on the land value plus a discount for the holding costs during construction. Hold this property as a dual-income development or renovate the existing home while retaining the approvals for future subdivision.
Detailed Independent Property Report prepared by PropCred Analyst team for 10 Johnston Street, Moonah TAS 7009
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
URL has been copied successfully!
Market Insight
Moonah presents as a resilient, value-oriented suburb within Hobart’s tightening market, attracting buyers seeking relative affordability. Demand is underpinned by lifestyle appeal and critically low housing supply, which supports capital growth despite broader affordability pressures. Recent price trends show a market in recovery, having cooled from previous peaks but now demonstrating renewed momentum as buyer confidence returns. Future growth is driven by the sustained supply deficit, yet the market remains sensitive to interest rates and local income constraints.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
4
Land
759m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!