213 Oldaker Street, Devonport TAS 7310
213 Oldaker Street, Devonport TAS 7310
This is a 3-bedroom, 1-bathroom house built in 1951 with 135 square metres of internal living space on a 655 square metre block. It includes a single car space. The property is a detached single-story dwelling, typical of mid-century construction in the area.
What makes this property competitively interesting is its size and land holding. A 655 square metre block in a convenient Devonport location is increasingly uncommon, and the 135 square metre floor plan offers genuine room for a family. The house is positioned as a solid entry point for buyers seeking a character home with space to improve over time. It sits comfortably within the suburb’s older housing stock, where mid-century builds are common, but the land size here is a clear advantage over many similar offerings. This property best serves a buyer who values location and land over modern finishes and is willing to invest in cosmetic updates to build equity.
Several factors could influence the property’s value and should be weighed carefully. The single bathroom is a constraint for a three-bedroom home and may limit appeal for families who prefer a second bathroom. The 1951 construction may require attention to wiring, plumbing, or insulation, which are not immediately visible. On the positive side, the land size offers potential for future extension or subdivision, depending on local zoning. A buyer should factor in the cost of bringing the home up to a modern standard, as the price may already reflect this need. The lack of recent comparable sales in the immediate area makes it harder to gauge market depth, so a cautious approach to valuation is warranted.
Detailed Independent Property Report prepared by PropCred Analyst team for 213 Oldaker Street, Devonport TAS 7310
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
1
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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.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
655m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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