2/9 Eddington Cres, Invermay TAS 7248
2/9 Eddington Cres, Invermay TAS 7248
2/9 Eddington Cres, Invermay TAS 7248 is a 2-bedroom, 1-bathroom unit built in 2008 with 213 m² of land and 2 dedicated parking spaces. It is a modern, compact unit in a suburb dominated by large houses on expansive lots.
This unit is competitively positioned for its modern age and practical configuration, offering a rare combination of contemporary finishes and low-maintenance living within walking distance of the University of Tasmania. Its north-facing orientation and furnished lease history suggest strong appeal to students, university staff, and young professionals seeking convenience. The two dedicated parking spaces are a notable advantage for this property type in a walkable location. Within Invermay, this unit stands out as a purpose-built, compact alternative to the older, larger house stock, making it a clear choice for those prioritizing proximity and efficiency over land size.
The property is currently vacant, which may indicate a brief transition period between tenants or a need for a new lease agreement, potentially affecting immediate rental income. Annual rates and water charges total approximately $3,295, a cost that should be factored into net yield calculations. While the unit is modern, its land size is significantly smaller than typical Invermay houses, which may limit long-term land-value appreciation. The implied weekly rent from the bond history suggests a modest yield relative to the estimated value, so the buyer should carefully assess achievable rental returns against holding costs.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/9 Eddington Cres, Invermay TAS 7248
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
Invermay presents as an affordable entry point into the Launceston market, attracting younger, predominantly single buyers and mortgaged owners drawn by its relative value. Demand is supported by consistent sales activity and strong recent price growth, with market conditions remaining active as properties transact efficiently. Future growth is underpinned by this sustained demand, though broader affordability pressures and constrained supply in the region pose a key constraint to sustained momentum.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
2
Land
213m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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