160 Bally Park Road Dodges Ferry TAS 7173

160 Bally Park Road Dodges Ferry TAS 7173
Water views & ocean sounds | 738mΒ² lot with dual access | 1986 build, modernised | 4 bed, flexible living This property presents a competitively strong coastal lifestyle proposition, rare for its direct water views, audible ocean sounds, and substantial, usable land with dual vehicle access for boats. The modernised interior and flexible layout serve a buyer seeking a permanent residence with holiday-home character, capitalising on Dodges Ferry’s lifestyle appeal. Its recent renovation and solar panels indicate updated systems, positioning it above typical 1986 stock. The primary risk is the very short ownership period since its November 2023 purchase for $720,000, introducing valuation uncertainty and requiring scrutiny of the rationale for the rapid resale. The opportunity lies in securing a view-oriented parcel with genuine lifestyle amenities; a plain judgment is to treat this as a long-term hold to absorb transaction costs and realise the land value. Our analysis would ground your offer with a real market valuation, specific checks on the recent sale, and confirm locality risks like coastal erosion for insurance. Recent comparable context shows the property itself transacted at $720,000 just months ago. This rapid resale at a listed premium demands clear justification and establishes a direct benchmark, making independent valuation essential to assess the current asking price.

Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ 

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Market Insight:

Dodges Ferry is a coastal suburb attracting a mature demographic, with demand driven by lifestyle appeal and regional affordability. The market exhibits strong recent price growth, supported by steady conditions and a family-oriented profile. Future drivers remain linked to its coastal location, while balanced regional conditions and local supply dynamics present the primary considerations.
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PropCred Estimated Value

Bedrooms

4

Bathroom

1

Parking

3

Land

738mΒ²

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