171 Springfield Avenue, West Moonah TAS 7009

171 Springfield Avenue, West Moonah TAS 7009
Traditional house on 585m² | 3-bed 1-bath | Fresh listing in active market | Land-heavy with development interest | Mixed suburban setting A traditional standalone residence is offered on a comparatively generous 585 square metre parcel, with a modest internal area of 105 square metres. A land-heavy profile is seen as distinct in a suburb where newer townhouse product is more building-intensive, providing a rare combination of established form and redevelopment potential. The fresh listing status and generally quick turnover in the local market indicate strong buyer interest. This house is best suited to owner-occupiers seeking an entry-level family home with scope for improvement, and to investors attracted to land value that may outpace the dwelling itself. Proximity to primary schooling, the Moonah retail precinct, and local parks adds everyday practical appeal. The final value may be influenced by internal condition and the practical layout of the 105 square metre floor plate. Liveability might be affected by orientation and street aspect, and development scope could be altered by hidden constraints such as easements or overlays. Updating costs should be weighed against land value, and the question of whether the modest footprint suits long-term needs should be considered. >> Comparable Sales: 5/160A Springfield Avenue, a 3-bed townhouse, sold for approximately $700,000 | Property Price Band: $700,000 to $800,000 | Value Drivers: land size, condition, layout potential
Detailed Independent Property Report prepared  by PropCred Analyst team for 171 Springfield Avenue, West Moonah TAS 7009
Checks found:
Value Risk ✕ 2
Liquidity Risk ! 1
Planning Risk ! 1
Income Risk ✕ 2
Execution Risk ✕ 2
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Market Insight

West Moonah, in Greater Hobart, is drawing a professional cohort aged 30–39, supported by 12.7% population growth since 2016. House prices have risen to a $676,500 median with 9.1% compound annual growth, while units sit at $508,000 with 5.0% growth. Sales volume is moderate at 62 houses over 12 months. Rental demand is tight: vacancy is 0.47%, house yields 4.03%, units 5.1%. Future growth drivers include transport links along Sawyer and Ripley Roads and school catchment demand from a younger demographic. Key constraints are affordability fluctuations-median listings vary between $645,000 and $676,500-and a -5.56% year-on-year supply shift, with a -6.19% two-year price correction signalling rate sensitivity.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

-

Land

585m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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