116 Berriedale Road, Berriedale TAS 7011
116 Berriedale Road, Berriedale TAS 7011
Single-storey 1958 brick home | freshly updated interiors | family-friendly 579mยฒ block | strong rental yield potential
This property offers a rare combination of immediate livability and long-term utility. The recent internal updates remove the need for cosmetic work, while the 579mยฒ fully fenced block and generous under-house storage provide functional space that competing properties at this price point often lack. The versatile third bedroom, usable as a second living area, broadens appeal to downsizers and young families alike. With Berriedale showing 11-15% annual growth and a rental return of approximately $580 per week, this house suits both owner-occupiers seeking value and investors chasing yield in a stable market.
The primary risk is the property’s age and single-bathroom configuration, which may limit appeal to some families. However, the absence of bushfire or flood overlays and the solid brick construction mitigate structural concerns. The listing price sits below several automated estimates, suggesting room for negotiation. Buyers should note the NBN Fibre to the Node connection is adequate but not premium. The opportunity lies in acquiring a move-in-ready house on a substantial block in a growth corridor, with the under-house area offering future conversion potential for additional living space or storage.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 116 Berriedale Road, Berriedale TAS 7011
Market Insight:
Berriedale presents a tightly held, mature suburb characterised by high owner-occupancy and an ageing demographic. Demand is driven by singles and outright owners, creating a stable, low-turnover market. Recent price trends indicate strong seller sentiment and significant capital growth, with houses substantially outperforming units. The market is constrained by extremely low vacancy and limited rental availability, indicating intense competition for a small stock of properties, which underpins future price resilience but presents a clear entry challenge for buyers.