12 Cornelia Street, Ulverstone TAS 7315
12 Cornelia Street, Ulverstone TAS 7315
Mid-century character | oversized bedrooms with robes | extra-long garage with workshop | fully fenced 790sqm lot | 100% owner-occupied street
This property offers a rare combination of generous internal space and a substantial, fully fenced block in a stable, owner-occupied street where turnover is minimal. The four oversized bedrooms, each with built-in robes, and the inclusion of a dedicated central office space make it unusually suited to buyers needing both family accommodation and work-from-home capability. The extra-long garage with workshop adds practical utility that most suburban houses lack, while the absence of bushfire, flood, or heritage overlays simplifies due diligence and insurance. It serves best for a family seeking a low-maintenance brick-and-tile home with room to grow, where the street profile suggests long-term neighbours and limited future development pressure.
The lack of recent comparable sales on Cornelia Street introduces some valuation uncertainty, though the suburb’s 5% growth rate supports moderate capital appreciation. The 3.2% rental yield indicates this is better positioned as a long-term owner-occupied purchase than an investment play. No open inspections are scheduled, so buyers must arrange private viewings to assess the quality of the modern renovations firsthand. The property is not to be confused with 12 Clarke Street, a larger off-market holding on 2.35 acres, which is a fundamentally different proposition.
Detailed Independent Property Report prepared by PropCred Analyst team for 12 Cornelia Street, Ulverstone TAS 7315
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
Ulverstone presents as a stable regional market with a mature demographic profile. Demand is underpinned by steady buyer activity and strong recent capital growth, reflecting its appeal to a specific life-stage cohort. The market demonstrates consistent price appreciation and solid rental yields, indicating balanced conditions. Future growth is supported by positive population trends, though its smaller scale means outcomes remain sensitive to localised factors.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
3
Land
790m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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