22 Franklin Court, Shearwater TAS 7307
22 Franklin Court, Shearwater TAS 7307
Three-bedroom two-bathroom single-storey house built in 2014 on an 809 square metre block with two parking spaces. The standout internal feature is a sunken lounge with a feature rock wall connecting to an open-plan kitchen and dining area. The master bedroom includes a walk-in robe and ensuite. The property is located in a low-density coastal suburb where modern homes are common, but this design detail sets it apart.
The property is distinguished by its sunken lounge with a feature rock wall, a rare design element within the suburb’s typical modern stock. A well-proportioned 809 square metre block is offered, providing outdoor space without excessive upkeep. The house is best suited to families or retirees who value interior uniqueness and a quiet coastal lifestyle. Its 2014 construction is positioned at a point where modern standards are met without the premium of a new build. Within the suburb, the property is seen as a balanced option, combining a distinctive layout with a manageable land size. The quiet court location is considered an advantage, reinforcing appeal for those seeking privacy.
The distinctive sunken lounge may be viewed as a matter of taste, potentially narrowing buyer appeal. The block size might be perceived as smaller compared to other lots in the area, which could affect value perceptions if land area is prioritized. Value is thought to be influenced by general coastal demand and the property’s condition after twelve years. Updates to fixtures or systems may be needed, though no immediate issues are apparent from available information.
Detailed Independent Property Report prepared by PropCred Analyst team for 22 Franklin Court, Shearwater TAS 7307
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
This suburb presents a clear value proposition, with a notable price differential between houses and more affordable units. Demand appears steady, supported by consistent annual sales volume, though houses are taking time to sell. Recent price trends for houses have been mixed, while the unit market has demonstrated stronger growth. The rental market offers solid yields, particularly for units, indicating ongoing investor and tenant demand. Future growth will hinge on broader economic factors and the suburb’s ability to attract sustained buyer interest.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
809m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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