204 Bradys Lake Road, Bradys Lake TAS 7140
204 Bradys Lake Road, Bradys Lake TAS 7140
204 Bradys Lake Road is a 3-bedroom, 1-bathroom, 2-toilet house built in 1967, currently listed for sale at $239,000 with an estimated market value of $252,000, sitting on a 1,606–1,607m² residential lot in Bradys Lake, Central Highlands council, with no flood or heritage overlays but a bushfire overlay detected. The property was listed for sale as a house in Bradys Lake.
3-bed shack plus separate second dwelling | 1.6 acre level block | bushfire overlay present | former 1967 build with recent septic | flexible weekend or Airbnb setup
The property’s generous land size and second dwelling are considered its strongest advantages, offering flexibility not commonly seen at this entry price. Its setting near Bradys Lake is best suited to buyers seeking a weekend retreat or a base for outdoor activities. Maintenance needs are minimised by the recently replaced septic system and the wood heaters already in place. A walk-in, walk-out sale leaves most contents behind, reducing upfront furnishing costs. This combination of dual structures, large block, and recreational location is rare in this price bracket and is likely to serve buyers looking for a low-commitment getaway or a property with short-term rental potential.
Value may be affected by the bushfire overlay which could influence insurance costs and future development options. The 1967 construction might require renovation to meet modern expectations given the original shack style. Its remote position 136 kilometres from Hobart may limit buyer demand to those comfortable with a significant drive. These factors should be weighed against the flexibility offered by the extra structure and the level access block.
Detailed Independent Property Report prepared by PropCred Analyst team for 204 Bradys Lake Road, Bradys Lake TAS 7140
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
1
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Market Insight
Bradys Lake presents as a deeply niche market, its character defined by extreme scarcity. Demand is driven by a very small cohort, likely seeking lifestyle change or seclusion, given the population is low and household sizes are modest. The market is exceptionally thin, with only a handful of house sales annually, though the recent price point suggests a self-contained equilibrium. The standout feature is the gross rental yield, which is notably high, indicating that investor demand for rental income is a key driver here. Future growth is constrained by the inherent lack of supply and transaction volume, making the suburb highly sensitive to any shift in buyer sentiment.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
6
Land
1606m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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