21-23 Lowestoft Avenue, Berriedale TAS 7011
21-23 Lowestoft Avenue, Berriedale TAS 7011
Large combined parcel | 7-bed multi-generational layout | dual-address potential | in-ground pool & extensive living | established school zone
This property presents a rare, high-utility offering defined by its scale and configuration. The substantial 1,550m² parcel with two street numbers functions as a single, oversized residence, creating immediate value through subdivision potential or as a multi-family holding. Its seven bedrooms and multiple living areas position it uniquely for extended family occupancy or a structured rental model, serving a buyer seeking either significant personal accommodation or a strategic income-generating property with inherent flexibility.
The primary decision hinges on validating the combined title status and assessing the commercial logic of any separation. Carrying costs for a property of this size are material, and the wide valuation range indicates market uncertainty, demanding a precise, sub-$900k acquisition to protect equity. Proceed only with a confirmed subdivision feasibility study; otherwise, its value is anchored in its current bulk, best held as a long-term family compound or a single, high-yield rental portfolio.
Detailed Independent Property Report prepared by PropCred Analyst team for 21-23 Lowestoft Avenue, Berriedale TAS 7011
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
Berriedale presents a tightly held, mature suburb characterised by high owner-occupancy and an ageing demographic. Demand is driven by singles and outright owners, creating a stable, low-turnover market. Recent price trends indicate strong seller sentiment and significant capital growth, with houses substantially outperforming units. The market is constrained by extremely low vacancy and limited rental availability, indicating intense competition for a small stock of properties, which underpins future price resilience but presents a clear entry challenge for buyers.
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PropCred Estimated Value
Bedrooms
7
Bathroom
5
Parking
10
Land
1550m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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