2 James Street, Upper Burnie TAS 7320
2 James Street, Upper Burnie TAS 7320
This is a 1950s detached house with three bedrooms, one bathroom, two car spaces, and a 116-square-metre floorplan on an 827-square-metre fully fenced block with a shed, polished timber floors, built-in wardrobes, and air conditioning.
The property’s strongest competitive edge is its land size, which is notably larger than typical Upper Burnie lots, giving it space for gardening, storage, or future expansion without being oversized. Its 1950s construction is common locally, but the polished timber floors and built-in wardrobes are desirable finishes that lift it above basic stock. The house is fully fenced and includes a shed, which appeals strongly to families seeking security and utility. Its location near Romaine Park Primary School and local shops makes it a natural fit for family buyers or investors targeting stable rental demand, as the configuration and finishes align well with what the suburb’s middle-income demographic prioritises.
The building’s age may require ongoing maintenance, particularly to roofing, plumbing, or electrical systems, which could affect near-term costs. The rental yield of around 5.2% suggests the property could appeal to investors, but this is contingent on achieving the estimated weekly rent in a market with moderate supply. The lack of hazard overlays is a neutral factor, but the ground elevation of 116 metres might influence drainage in heavy rain, though no flood risk is flagged. Buyers should weigh the property’s solid fundamentals against the likelihood of minor updates needed for a home of this era.
Detailed Independent Property Report prepared by PropCred Analyst team for 2 James Street, Upper Burnie TAS 7320
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Upper Burnie presents as a steady, family-oriented suburb within the Burnie region, characterised by strong owner-occupier demand. This demand, primarily from households with mortgages, is reflected in a brisk sales market where houses sell quickly. Recent price momentum for houses has been robust, supported by limited available supply. Future appeal is anchored in its established residential fabric and regional accessibility, though the market’s sensitivity to interest rates and its reliance on a modest volume of transactions present inherent constraints to volatility.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
827m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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