2 Russell Street, Fingal TAS 7214
2 Russell Street, Fingal TAS 7214
3 bed brick veneer | 2,466 m² fully fenced block | Ben Lomond outlook | 100 m² multi-purpose room | Slow turnover market
This house holds a clear competitive edge through its combination of a generous 2,466 m² allotment and a practical layout that includes built-in robes in all bedrooms, open-plan living, and a substantial 100 m² multi-purpose room—a rare find for a standard 3-bedroom residence. The brick veneer construction and mountain aspect add durability and visual appeal, positioning it well within Fingal’s typical detached housing stock, where larger lots are common but this level of interior flexibility stands out. It serves best a buyer seeking semi-rural lifestyle with space for hobbies, vehicles, or family expansion, likely an owner-occupier rather than an investor, given the area’s thin rental demand and low turnover.
Value may be influenced by the property’s unusually large land size relative to its modest bedroom count, which could appeal to a niche buyer willing to pay for space over internal scale. The slow market, with homes averaging 181 days on market, might temper price growth, but the fully fenced block and under-roof double carport add practical utility that could justify a premium. Condition, as described as well-presented, and the multi-purpose room’s versatility are likely to weigh most on final price, while the lack of stated building age or heating details may prompt cautious offers.
Detailed Independent Property Report prepared by PropCred Analyst team for 2 Russell Street, Fingal TAS 7214
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
1
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Market Insight
Fingal is a thinly traded, low-density rural township with an older demographic profile, positioning it as a niche market for those seeking a quiet lifestyle rather than mainstream investment appeal. Demand is driven by a limited pool of buyers, likely retirees or lifestyle changers attracted by the area’s seclusion and low turnover. Recent price trends reflect strong capital growth, with conditions favouring sellers due to scarce stock and infrequent sales. Future growth is constrained by the small population base and narrow buyer pool, while the absence of major infrastructure or employment drivers limits upside momentum. The key risk remains illiquidity, as low transaction volumes can make entry and exit challenging.
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PropCred Estimated Value
Comparable Sales: 19 Legge Street, Fingal sold $275,000 in Jan 2021 (3 bed, 1,993 m²) | Property Price Band: $250K–$350K | Value Drivers: land size, multi-purpose room, mountain view, overall presentation
Bedrooms
3
Bathroom
1
Parking
7
Land
2466m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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