13 Belton Street, Hillcrest TAS 7320
13 Belton Street, Hillcrest TAS 7320
Large block near Burnie | 1957 weatherboard needing work | tenanted now | renovation upside clear | entry-level or investor play
This property presents a straightforward buying case built on land size and location rather than finish. The 974 m² block in an established Hillcrest position close to the Burnie CBD, pool, and Woolworths is the primary competitive advantage, offering future flexibility for extension, subdivision potential subject to council approval, or simply holding as a solid residential site. The existing tenancy provides immediate holding income, making this most suitable for an investor seeking land content with renovation upside, or a first-home buyer willing to improve over time. The absence of bushfire, flood, or heritage overlays reduces planning friction and preserves optionality.
The principal risk is the home’s age and condition—built in 1957 with 102 m² of functional but dated space—meaning any value uplift depends entirely on the buyer’s willingness and capacity to renovate. The asking price sits near estimated market value around $462,000, so the margin for error is thin if works prove more extensive than anticipated. The 48-hour inspection notice and current tenancy limit immediate owner-occupier access, which may frustrate those wanting to move in quickly. The opportunity lies in the land-to-building ratio: a modest house on a large block in a serviceable location typically rewards patient buyers who can add value through targeted improvements or eventual reconfiguration.
Detailed Independent Property Report prepared by PropCred Analyst team for 13 Belton Street, Hillcrest TAS 7320
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
Hillcrest presents as an affordable entry point within the Burnie region, characterised by strong recent capital growth and a market where houses sell relatively quickly. Demand is primarily driven by local working households, with sales activity indicating sustained interest. While low stock levels support current pricing, this limited supply also represents a key constraint for future market fluidity and choice.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
974m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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