2/18 Rachel Cres, Old Beach TAS 7017

2/18 Rachel Cres, Old Beach TAS 7017
4-bed villa on 1347mยฒ | 195mยฒ with workshop and rumpus | 10 car spaces | bushfire overlay present This property offers a rare configuration: a single-level villa on a generous 1347mยฒ lot with 10 car spaces, a workshop, and rumpus room-uncommon in Old Beach. The 195mยฒ floorplan suits buyers needing multi-vehicle storage or home-based trade use. Built in 2014 with brick veneer and gas heating, it presents as low-maintenance for its size. It best serves a buyer seeking a suburban holding with flexibility for vehicles, hobbies, or potential ancillary use, given the lot dimensions and zoning. The primary risk is the bushfire overlay, which may increase insurance costs and restrict certain landscaping or future development. The areaโ€™s older demographic and 95% owner-occupancy suggests stable, low-turnover streets, but limits rental demand depth. No recent comparable sales were available, making price positioning less transparent. The opportunity lies in the lot size and car capacity-rare features that could command a premium from niche buyers. Hold this property for its land value and utility; it is not a flip but a long-term positional play.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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Market Insight:

Old Beach presents a steady, value-oriented market with modest capital growth for houses, while its unit segment has demonstrated recent strong quarterly performance. Demand is supported by a solid rental market, with units offering particularly attractive yields, indicating investor interest alongside owner-occupier activity. The market is balanced, with houses transacting at a measured pace, reflecting stable conditions. Future performance will hinge on broader economic factors, given the absence of clear, suburb-specific catalysts or constraints identified in the current data.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

10

Land

1347mยฒ

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