27 Crandon Cres, Newnham TAS 7248
27 Crandon Cres, Newnham TAS 7248
3-bed 1965 house | 602m² land | Deck and balcony | Fully fenced yard | Established family pocket
A solid, established footprint is offered on a generous 602m² block, with a modest 24% building coverage that leaves ample yard space. A three-bedroom layout is complemented by a deck, balcony, and secure fencing, well suited to families or investors. Located in Newnham, the property is placed close to the university, maritime college, and local shopping, which helps sustain rental demand. The 1965 build is characteristic of the area, while the separate workshop adds practical versatility. This home is best suited to those seeking an older detached house with potential to update.
The value may be affected by the original construction age, so the condition of the kitchen, bathroom, and roofing will likely be decisive. The orientation and any slope on the block could also influence light and usability. It might be necessary for buyers to budget for modernisation, but the land size and proximity to education could offset those costs. An inspection should focus on structural soundness and internal layout.
Detailed Independent Property Report prepared by PropCred Analyst team for 27 Crandon Cres, Newnham TAS 7248
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Newnham, a northern Launceston suburb, is positioned for rapid turnover with houses selling in a median 14 days. Demand is driven by middle-to-upper-income households and investors, given house yields of 5.29% and unit yields of 5.60%. House prices have risen 11.56% annually to $555,000; units $387,250 at 12.25% growth. Vacancy is 0.56%, with supply constrained by listing stock down 22.86% year-on-year. Connectivity via Alanvale and George Town Roads supports access. Growth drivers include sustained rental demand and quick absorption; however, affordability pressures from Launceston-wide price increases and variable stock data (average 79 days on market in some series) pose constraints.
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PropCred Estimated Value
Comparable Sales: 3-bed houses in Newnham between $560K and $580K | Property Price Band: $500K–$600K | Value Drivers: Land area, building condition, education access
Bedrooms
3
Bathroom
1
Parking
4
Land
645m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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