21 Lindsay Place, Devonport TAS 7310
21 Lindsay Place, Devonport TAS 7310
21 Lindsay Place is a 3-bedroom, 1-bathroom house on a 637m² lot, built in 1952 with a solid foundation. It sits in a quiet Devonport cul-de-sac and includes two living areas, a mudroom, and separate laundry.
This property is competitively positioned as an affordable entry point in a desirable cul-de-sac near the CBD, hospitals, and Fourways Shopping Centre. Its solid 1950s construction and functional layout appeal strongly to first-home buyers and renovators seeking scope to add personal style. The single-story configuration and two living rooms offer practical family living, while the quiet location enhances its demand character. For investors, the rental yield potential near 5.2% is attractive given the low entry price and steady local demand. The house serves best those willing to invest in cosmetic updates for long-term value.
The property’s value may be materially affected by the need for significant big-ticket updates, as the aging condition requires attention despite a solid foundation. The single car space is less than typical for the area, which might limit appeal for multi-vehicle households. The lot size, slightly below average for older Devonport homes, could influence future expansion potential. Buyers should weigh these factors when forming a view on price, as the property’s affordability and location strengths may offset update costs.
Detailed Independent Property Report prepared by PropCred Analyst team for 21 Lindsay Place, Devonport TAS 7310
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
1
URL has been copied successfully!
Market Insight
Devonport is a well-established regional centre with a diverse demographic base supporting its residential market. Demand is driven by a mix of family types seeking entry-level affordability and established housing. The house market has demonstrated robust capital growth, significantly outpacing the unit segment, and properties are transacting with relative speed, indicating solid buyer appetite. Future growth is underpinned by its role as a key service hub, though market conditions show variability in selling times, presenting a balanced but nuanced opportunity.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
637m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!