23 Princes Street, Burnie TAS 7320
23 Princes Street, Burnie TAS 7320
23 Princes Street, Burnie TAS 7320 is a single‑storey house on a 624 m² lot, built in 1939. It offers 5 bedrooms, 3 bathrooms, 2 parking spaces, and 117 m² of internal area. The lot is generous for its pre‑war origins, and the higher bedroom and bathroom counts suggest a recent reconfiguration.
This property’s competitive strength lies in its rare combination of a large, level 624 m² site with a fully updated 5‑bedroom, 3‑bathroom configuration within Burnie’s established residential core. The original 1939 structure provides solid bones and character, while the apparent recent renovation has modernised the interior without sacrificing the scale that is hard to find in this part of town. It sits on Princes Street, a well‑positioned street close to Burnie’s amenities, making it particularly suitable for families seeking generous space without moving to the outer suburbs, or for buyers who value a property that can accommodate multiple generations or home‑based work. Its positioning is stronger than many nearby houses because of the extra bedroom count and the sheer land area, which is uncommon for a house of this vintage in the area.
What may materially affect value is the apparent discrepancy between recent sale history and the current offering – the property appears to have undergone a significant internal reconfiguration or substantial renovation between transactions. If the 5‑bedroom, 3‑bathroom layout is verified and the work was done to a high standard, this could justify a considerable premium over its previous sale price. However, the shift in configuration also raises the possibility that the property may have been subdivided or reconfigured in a way that changes its feel or utility. A buyer should confirm the approval history, structural integrity of any additions, and the quality of finishes before forming a final price view. The lack of rental yield data or school catchment detail means that owner‑occupier demand will likely be the primary driver rather than investment metrics.
Detailed Independent Property Report prepared by PropCred Analyst team for 23 Princes Street, Burnie TAS 7320
Checks found:
Value Risk
!
1
Liquidity Risk
✓
Planning Risk
!
1
Income Risk
✓
Execution Risk
✓
Market Insight
This suburb presents a compelling, high-growth proposition driven by strong capital appreciation and a tight, low-volume market. Demand is anchored by a diverse demographic mix of professionals and established households, supported by forecasted growth. Recent trends show robust price momentum with properties transacting efficiently, indicating sustained buyer interest. Future prospects are underpinned by positive forecasts, though key constraints include relative affordability pressures and limited available stock, which may temper accessibility for some buyers.
PropCred Estimated Value
Bedrooms
4
Bathroom
3
Parking
2
Land
624m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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