18 Chandos Drive Berriedale TAS 7011

Split-level design | 568m² land with river/MONA outlook | Updated kitchen & bathroom | Strong rental yield signals This property presents a competitively strong offering due to its larger-than-average land parcel and the rare, elevated outlook in Berriedale, which is typically not found in homes of this vintage. The 1986 split-level home has been selectively updated, focusing on practical kitchen and bathroom finishes, while retaining value-adding original features like the wood heater and under-home storage. It serves owner-occupiers seeking space and views, or an investor targeting the demonstrated rental demand near key amenities. The decision hinges on the price premium commanded for the view and land size, against the building’s age and the suburb’s median. The commercial logic is in holding for land-value appreciation or achieving the estimated rental yield. Proceed with an offer strategy anchored to recent sales, conditional on a building inspection for the 1986 construction. A Propcred report would pressure-test the valuation against locality risks and provide a definitive checklist for this specific property’s insurability and renovation potential. Recent sales establish a credible price trajectory: the property last sold for $520,000 in December 2023. This rapid resale suggests a flipped renovation or a strong market movement, making the current listing a direct test of the value added. Buyers must verify if the asking price accurately reflects material improvements versus general market inflation.