13 Byworth Street, Park Grove TAS 7320

13 Byworth Street, Park Grove TAS 7320
Elevated family position | 4 bed 3 bath rarity | 2009 build on 805m² | Strong rental yield signals | No hazard overlays This property presents a competitively strong proposition as a spacious, modern family home in a sought-after elevated pocket, a configuration rare for Park Grove where smaller, older stock dominates. Its three bathrooms, dual living zones, and larger land holding directly serve families seeking space and outlook, positioning it above entry-level competition. Reliable infrastructure and school proximity solidify its functional appeal, while the absence of overlays reduces regulatory risk. The pending offer indicates immediate market demand, validating its premium. The estimated rental yield is solid, supporting an investment hold. However, the value estimate significantly exceeds the list price, suggesting either vendor motivation or a market gap; due diligence on recent comparable sales is critical to anchor the price. Proceed if comparables justify the valuation, as this property suits a long-term hold for owner-occupation or a stable rental.

Independent, Unbiased Research from  our PropCred Analyst team 

Market Insight:

Park Grove presents as an established, family-oriented suburb with a high rate of outright home ownership and a mature demographic profile. Demand is anchored by families, evidenced by the significant proportion of households with children, supporting stable house sales. Recent price trends indicate modest, steady growth with a market pace that varies by property type. Future growth is underpinned by this established residential character, though limited unit sales and a reliance on a single primary school present constraints on broader market diversity and appeal.

PropCred Estimated Value

Bedrooms

4

Bathroom

3

Parking

2

Land

805m²

Built

Recent Assessments