2 Miami Place, West Ulverstone TAS 7315
2 Miami Place, West Ulverstone TAS 7315
Large 2005 house | 3,013 m² land | ocean views | 4-car parking | bushfire planning control
This property’s combination of a recent build, a substantial landholding, and a practical single-level layout is uncommon in West Ulverstone. The 234 m² floor area, paired with a 3,013 m² block, gives it a rare balance of low-maintenance internal living and generous outdoor space. The double-glazed windows, solar package, study, and two living areas add genuine everyday comfort. Its hillside position maximises the outlook from the front master bedroom while keeping the remaining bedrooms quieter at the rear. That configuration, along with the workshop and multiple carports, makes it particularly suited to families seeking room to spread out, or downsizers who want space without giving up modern efficiency. The bushfire management control is a planning consideration, not a strike against the property itself.
The value of this house may be most influenced by how buyers weigh the large land area against the single-level design. The 3,013 m² block offers lifestyle potential, but also requires ongoing upkeep, and that might narrow the buyer pool slightly. The presence of the bushfire planning control could affect future development applications, so any extension or additional building would need careful planning. Equally, the established gardens, solar hot water, and enclosed BBQ area may soften maintenance concerns and support a premium over plainer stock. The absence of flood or heritage overlays is a positive, but the real price driver will likely be how the views and privacy translate into perceived lifestyle value.
>> Comparable Sales: 133 South Road, West Ulverstone sold $315,000 (3-bed, 2,777 m²) | Property Price Band: $1.2M–$1.3M | Value Drivers: land size, recent build condition, ocean views and layout
Detailed Independent Property Report prepared by PropCred Analyst team for 2 Miami Place, West Ulverstone TAS 7315
Checks found:
Value Risk
✕
2
Liquidity Risk
✕
2
Planning Risk
!
1
Income Risk
✕
2
Execution Risk
!
1
Market Insight
West Ulverstone’s housing market is being driven by older, equity-rich buyers-predominantly childless couples and households aged 50–69-seeking affordable coastal living, with trades and certificate-qualified workers forming the core buyer base. Prices are rising firmly, though data sources vary: median house values range from $530,000 (8.7% annual growth) to $610,000 (14.0%), with one estimate reaching 19.8% growth. Sales volume is robust at 70–77 transactions annually, while selling times are contested: one source reports 109 median days, another just 27, suggesting a market that can move quickly for well-priced stock. Rental demand is moderate, with gross yields of 3.9–4.3% and weekly rents rising from $430 for two-bedrooms to $620 for five-plus bedrooms. Growth drivers are limited to steady owner-occupier demand rather than major infrastructure or supply-side catalysts; no vacancy or affordability data is available, leaving rate sensitivity unquantified. The absence of reliable unit data confirms a detached-house-dominated market.
PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
3
Land
1372m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst