100 Sycamore Road, Risdon Vale TAS 7016
100 Sycamore Road, Risdon Vale TAS 7016
This is a single-story, three-bedroom, one-bathroom house with three parking spaces on a 685-square-metre lot, built in 1963 and located at 100 Sycamore Road, Risdon Vale, Tasmania. The property is in largely original condition, immaculately maintained, and has been recently refreshed with new carpet throughout. Its estimated value is $553,000.
This property is competitively positioned as an entry-level opportunity in a quiet, established suburb, offering a low-maintenance home on a lot slightly larger than is typical for its street. The three parking spaces provide a practical edge over similar local stock, and the immaculate upkeep, despite the original finishes, signals a house that has been cared for rather than neglected. This property serves best first-home buyers seeking an affordable start or investors looking for a solid rental yield in a consistent, homogeneous neighbourhood where demand for three-bedroom stock is steady.
The age of the building may mean original systems, such as electrical or plumbing, could require updates despite the cosmetic refresh, and the single bathroom might be a constraint for modern family buyers. The low-lying lot could present drainage considerations in heavy rain, which a buyer should investigate. However, the competitive estimated value relative to other local properties and the low-maintenance appeal may offset these factors, making the price point a key consideration when forming a view on value.
Detailed Independent Property Report prepared by PropCred Analyst team for 100 Sycamore Road, Risdon Vale TAS 7016
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
1
URL has been copied successfully!
Market Insight
Risdon Vale presents as an affordable entry point into the Hobart market, characterised by high owner-occupancy and steady demand. This demand is primarily driven by local buyers seeking value, evidenced by rapid sales and a tight rental market with strong yields. Recent price trends indicate stable, moderate growth, supported by ongoing development activity. Future prospects are underpinned by this sustained demand and infrastructure investment, though key constraints include rental affordability pressures and a market sensitive to broader economic conditions.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
3
Land
685m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!