107 Tasman Highway, Waverley TAS 7250
107 Tasman Highway, Waverley TAS 7250
A three bedroom, one bathroom house built in 1958 on a 668m² lot with 94m² of internal space and two parking spaces. It sits as a single story dwelling in an established Waverley neighbourhood, well suited for first home buyers seeking character and a low maintenance footprint. The property’s age and lot size are typical of the suburb’s mid twentieth century stock, but the smaller bathroom count may limit broader appeal.
The property is competitively strong for its well presented character and generous land size relative to its modest internal area. It sits comfortably within Waverley’s established residential fabric where mid century homes are common but not abundant. This house is best suited for first home buyers looking for an affordable entry point with room to personalise, as the description emphasises comfort and value rather than modern finishes. The land component offers future potential for extensions or garden space, which is rare for new builds at this price level.
The listing price gap between the off market estimate and the current asking may signal that the property is positioned high relative to recent sales patterns, though condition and presentation could justify some premium. The conflicting parking data suggests either a single car space or a tight second spot, which could be a real constraint for families or multi car households. The age of the building means original plumbing, wiring, or insulation might need attention, and the lack of recent comparable sales nearby makes it harder to gauge fair value without a physical inspection.
Detailed Independent Property Report prepared by PropCred Analyst team for 107 Tasman Highway, Waverley TAS 7250
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
Waverley, on Launceston’s eastern fringe, is a small residential suburb with a tight market. Demand is driven by owner-occupiers in small households, attracted by limited supply and strong recent price growth. The market has seen rapid house-price appreciation, with stock extremely constrained; only a handful of sales occurred in the past year, and no rentals were available recently. Future growth is supported by this supply scarcity and active buyer interest. Key risks include affordability pressures from the sharp price rises and sensitivity to borrowing costs in a market with thin inventory.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
668m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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