19 Highview Cres, Devonport TAS 7310

Corner block risk | limited living space | strong local market | old wiring or cladding unknown The property’s primary risk is its 97m² floor area on a large corner block, which creates a premium for the land but a discount on the house itself. Buyers effectively pay for the shed and carport capacity, not the internal square footage; this means any renovation or extension costs must be factored into the total holding cost to justify the price relative to median sales. The opportunity lies in leveraging the corner block for future subdivision or dual-occupancy potential, but only if council zoning permits such a move. The property should be held as a long-term land bank or used as a low-maintenance rental, given the 4.6% yield in the area. The comparative sale at 12 Highview Crescent at $593,000 for a larger floor plan suggests this listing may be overpriced for its livable space. **Comparable Sales Data Analysis:** – 12 Highview Crescent: 120m² floor, 799m² land, estimated $593,000. This property offers 23% more internal space for 4% less estimated value; buyers should negotiate toward that price point. What makes this property competitively rare is not the house but the 736m² corner block with a large shed and carport in a market seeing 9.8% annual growth and only 174 recent sales. For a buyer who values outdoor space, parking, or a workshop over interior luxury, this provides a tangible positional advantage over typical 500m² blocks with single garages. It serves first-home buyers seeking room for a growing family or downsizers wanting a secure yard and storage. To proceed, commission a full building and pest inspection for the 1960s-era structure and a council zoning check for subdivision; then negotiate based on the comparable square footage gap, not the asking range.