11 Apolline Drive, Kingston TAS 7050

11 Apolline Drive, Kingston TAS 7050
New build on corner block | master suite at entry | 240mΒ² single-level living | high bushfire overlay This house presents a competitively strong proposition due to its modern construction and efficient, single-level layout on a corner block, offering enhanced light and privacy. The master suite’s position at the front is atypical, creating a defined separation from the other three bedrooms, which suits families seeking parental retreat or professionals working from home. Its immediate appeal is to buyers prioritizing low-maintenance, contemporary living in a developed estate, with the rarity of a large rumpus room adding significant functional space over typical suburban stock. The primary decision factor is the bushfire overlay, a tangible risk mechanism that imposes ongoing compliance costs and may constrain future modifications or insurability. The property’s current sale price sits notably below its estimated valuation, suggesting a motivated vendor or a market discount for the overlay. For a buyer, this represents a calculated opportunity to acquire a near-new house at an effective discount, provided due diligence on overlay obligations is completed. Hold as a long-term primary residence to amortize entry costs, as its design supports sustained livability over a speculative investment horizon. Nearby sales provide critical context: 20 Apolline Drive and 11 Brook Way are direct locational comparables, while 51 Hollyhock Drive and 21 Wattle Street establish suburb benchmarks. This cluster of recent activity confirms sustained demand in Kingston, and the subject property’s larger 240mΒ² footprint and newer construction (2021) should command a premium over older, smaller stock, supporting its valuation.

Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ 

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Market Insight:

Kingston presents as a stable, family-oriented suburb with a strong professional base, driving consistent demand from owner-occupiers. Recent price trends indicate a stabilising market for houses, while the unit segment shows modest growth. Future prospects are underpinned by significant past population growth, though the market remains sensitive to broader economic conditions.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

4

Land

786mΒ²

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