1A Flamenco Circle, Glenorchy TAS 7010

Near-new build | 65% site coverage | 3-bedroom with ensuite and bath | Glenorchy’s tight rental market This property’s primary buying case rests on its near-new condition in a suburb with a 0.49% vacancy rate and 36% renters. The 124m² floorplan with a master ensuite and separate bath is competitively rare among recent builds in this price tier, serving families or renters seeking modern finishes without strata constraints. The 40m elevation and absence of bushfire overlay improve insurability and long-term holding comfort, while FTTP and 5G coverage support remote workers. The detected flood overlay is the principal risk, requiring buyers to confirm insurance premiums and any council drainage obligations before proceeding. The 65% building coverage on a 190m² lot limits future extension potential, making this a hold-and-rent proposition rather than a renovation play. The $125k gap between list price and estimated value signals either vendor urgency or a conservative starting point—buyers should cross-check recent Glenorchy house sales, as the listed median of $565k suggests room for negotiation. School catchment for Springfield Gardens Primary adds modest family appeal but is not a premium driver.