126 George Street, Devonport TAS 7310

126 George Street, Devonport TAS 7310
4 bed, 3 bath house | 703m² lot | near St Brendan Shaw College | inspection by appointment This property presents a strong configuration for a family, offering four bedrooms and three bathrooms on a substantial block within immediate proximity to a college. The scarcity of detailed comparable sales in the immediate area positions this house as a potentially rare offering for buyers seeking space and convenience in this pocket of Devonport. It serves a buyer looking for a long-term family home with ample internal and external space. The primary risk is the lack of transparent market context, with only one broad comparable provided, making precise value assessment difficult and exposing a buyer to overpayment. The opportunity lies in securing a well-sized family home in a stable location; the commercial logic supports a purchase at a discount to the asking price to account for the data opacity. Proceed with a negotiated purchase for owner-occupation. Comparable sale: 126 James Street, 4 bed, 2 bath, 2 car, on a 1657m² lot with an estimated value of $958,000. This suggests the subject property, with an extra bathroom but significantly less land, may be ambitiously priced, anchoring buyer negotiations below the listed figure.

Market Insight:

Devonport is a well-established regional centre with a diverse demographic base supporting its residential market. Demand is driven by a mix of family types seeking entry-level affordability and established housing. The house market has demonstrated robust capital growth, significantly outpacing the unit segment, and properties are transacting with relative speed, indicating solid buyer appetite. Future growth is underpinned by its role as a key service hub, though market conditions show variability in selling times, presenting a balanced but nuanced opportunity.

PropCred Estimated Value

Bedrooms

4

Bathroom

3

Parking

2

Land

703m²

Built

Recent Assessments