2/19 Quarry Road, Mornington TAS 7018
2/19 Quarry Road, Mornington TAS 7018
3-bed, 2-bath, 3-car unit | 230m² internal area | Owner-occupied pocket | Larger than street norm | Condition unverified
The property holds a genuine configuration edge for Quarry Road, where most visible stock is compact two-bedroom accommodation. A three-bedroom, two-bathroom unit with three dedicated parking spaces and 230m² of internal space is rarely offered in this small, low-turnover residential pocket. The unit appears well suited to downsizers or professional households seeking single-level living without the maintenance load of a house. The surrounding street profile shows a strong owner-occupier character, suggesting a stable neighbourhood environment rather than transient investor stock. That combination of generous internal proportions, ample parking, and a settled pocket gives it a competitive position among local unit buyers, particularly those who have outgrown smaller apartments but still want low-maintenance living.
The building age and interior finish are not verifiable from available information, and those factors may materially influence how the property is valued against its asking level. The last sale in 2012 provides a historical reference point, but market movement since then means that figure carries limited weight. Because the unit offers an unusually large footprint for the street, the quality of layout and natural light could be decisive. Buyers may also weigh whether the 230m² is efficiently planned or simply generously proportioned. The absence of confirmed land attributes or title details, such as strata or common property arrangements, might affect financing or long-term cost expectations for some purchasers.
>> Comparable Sales: 2/35A Quarry Road sold $605,000 | Property Price Band: $800K–$900K | Value Drivers: internal layout, condition, parking provision
Detailed Independent Property Report prepared by PropCred Analyst team for 2/19 Quarry Road, Mornington TAS 7018
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
2
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Market Insight
Mornington sits above the state median, with a median house price of $630,000 versus Tasmania’s $619,599. Demand is driven by a young, trade-oriented workforce in a modest-sized suburb, and a heavily leveraged owner-occupier base makes the market rate-sensitive. House prices have risen 12.47% annually, and median house sales price is up 8.34% year-on-year. Houses clear in 14 days on average, but turnover is thin at 33 sales over twelve months. Supply is constrained-last month only one property was listed for sale and two for rent-which underpins pricing. The key constraint is affordability: prices already sit above the state benchmark, and widespread mortgage debt leaves little buffer against higher rates.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
315m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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