11 Terry Street, Glenorchy TAS 7010
11 Terry Street, Glenorchy TAS 7010
3-bed weatherboard on level 397sqm | north-facing living with solar | central Glenorchy walkable amenity | renovated bathroom and secure yard | strong rental yield suburb
The propertyโs competitive advantage lies in its combination of a level 397sqm block and north-facing living, which is uncommon for a 1952 weatherboard in central Glenorchy. The solar panels and renovated bathroom reduce immediate outlay for a buyer, while the secure rear yard and open-plan layout serve first-home buyers and downsizers equally well. The suburbโs 15.7% growth and 4.3% rental yield signal sustained demand, and the absence of bushfire, flood, or heritage overlays removes latent holding risk. This house suits a buyer seeking low-maintenance entry into a convenience-rich corridor with strong owner-occupier character.
The primary risk is the 1952 build age, which may conceal wiring or plumbing upgrades not captured in the listing, potentially costing a buyer $5,000โ$15,000 in early remediation. The 98sqm internal footprint limits future extension without redesign, and the single bathroom may cap appeal for families. However, the FTTP NBN and 5G coverage support remote work, and the level block offers a rare opportunity to add off-street parking or a studio without grading expense. Hold this house as a long-term residential investment in a tightening market, or occupy and benefit from walkable amenity and low council rates.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 11 Terry Street, Glenorchy TAS 7010
Market Insight:
Glenorchy is positioned as an affordable entry point to Greater Hobart, benefiting from its proximity to the city’s infrastructure. Demand is driven by buyers seeking value and investors capitalising on an acutely undersupplied rental market, with vacancy rates critically low. Recent price trends show solid growth across both houses and units, supported by strong buyer interest and rapid sales. Future growth is underpinned by the persistent housing shortage across Tasmania, though this same supply constraint presents a key risk to affordability and market balance.