1A Flamenco Circle, Glenorchy TAS 7010
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.
Detailed Independent Property Report prepared by PropCred Analyst team for 1A Flamenco Circle, Glenorchy TAS 7010
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
Glenorchy is positioned as an affordable entry point to Greater Hobart, benefiting from its proximity to the city’s infrastructure. Demand is driven by buyers seeking value and investors capitalising on an acutely undersupplied rental market, with vacancy rates critically low. Recent price trends show solid growth across both houses and units, supported by strong buyer interest and rapid sales. Future growth is underpinned by the persistent housing shortage across Tasmania, though this same supply constraint presents a key risk to affordability and market balance.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
190m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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