23 Ashbolt Cres, Lutana TAS 7009
23 Ashbolt Cres, Lutana TAS 7009
1957 build | 913sqm dual-unit potential | Mt Wellington aspect | leased 2024
This property presents a clear development opportunity on a large, level block in a convenient suburb, free of overlays. Its strong rental history and high side yield signal immediate income, but the core value is the council-approved potential for two units, making it a strategic land play for builders or long-term holders. The classic three-bedroom home currently suits a family or investor, with the aspect and timber floors adding livability.
The decision pivots on committing to development or accepting a low-growth holding. Carrying the existing house while securing permits delays returns but preserves optionality. Without development, you own an average house whose land value dominates the price. Proceed only with a dual-unit plan; otherwise, the premium for land size lacks justification.
Detailed Independent Property Report prepared by PropCred Analyst team for 23 Ashbolt Cres, Lutana TAS 7009
URL has been copied successfully!
Market Insight:
Lutana presents as a tightly held suburb with a young, professional demographic, where demand is driven by relative affordability compared to Hobart and strong rental appeal. Recent price trends show solid growth, particularly for units, supported by a competitive sales market and rising rents. Future growth is underpinned by sustained rental demand, though the market’s low sales volume and price variance indicate sensitivity to broader economic conditions and limited supply.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
3
Land
913m²
Assessments Delivered Today
URL has been copied successfully!