14 Hammond Court, Prospect Vale TAS 7250
14 Hammond Court, Prospect Vale TAS 7250
Quiet cul-de-sac | 820m² lot | 2004 build | Bushfire overlay | Summerdale Primary zone
This property presents a competitively strong proposition as a modern, low-maintenance family home on a generous block within a prized school catchment. Its 2004 construction date avoids major renovation liabilities, while the established, quiet street character offers immediate liveability. The configuration suits a growing family seeking space and stability, with rental estimates confirming its appeal to the same demographic. The absence of flood or heritage constraints simplifies ownership, though the noted bushfire overlay requires due diligence.
Proceed with the understanding that the primary risk is the inconsistent building area reporting, which demands physical verification to confirm true utility. The wide valuation range and dated last sale obscure precise market positioning, making pre-purchase valuation essential. The commercial logic favours a long-term hold to capitalise on the location’s demand, using the reliable rental stream to offset holding costs. Acquire this for owner-occupation with a clear exit to the investment market.
Recent comparable sales indicate a market range of approximately $1,010,000 to $1,095,000, with one noted sale at $1,100,000. This establishes a credible benchmark above the current listed offer range, suggesting potential value if the subject property’s condition aligns.
Detailed Independent Property Report prepared by PropCred Analyst team for 14 Hammond Court, Prospect Vale TAS 7250
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
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Market Insight
Prospect Vale presents as a stable, mature suburb with a strong owner-occupier presence, evidenced by its established demographic profile. Demand is driven by professionals and families, supported by consistent population growth and solid sales activity. The housing market has demonstrated robust capital appreciation, with current conditions characterised by competitive selling periods. Future growth is underpinned by ongoing demographic expansion, though limited immediate listings suggest a constrained supply environment that warrants attention.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
819m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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