29 Liverpool Cres, West Hobart TAS 7000

29 Liverpool Cres, West Hobart TAS 7000
2 bed, 1 bath, 1995 build on 715mยฒ | 14% coverage, 102mยฒ floor | quiet crescent in West Hobart | bushfire overlay, no flood risk | strong rental yield potential at $660pw This property offers a rare combination of a generous 715mยฒ lot with only 14% building coverage, meaning the buyer is acquiring significant land content in a sought-after inner-city suburb where such parcels are becoming scarce. The 1995 build is modern enough to avoid major structural concerns while the low coverage presents a clear opportunity for future extension or a studio addition, adding value well beyond the current floor area. It suits a buyer who values positional security-quiet crescent, established school zone, and reliable connectivity-over turnkey perfection, and who is prepared to leverage the land component for medium-term capital growth. The bushfire overlay is the primary risk, as it may constrain certain renovations and push up insurance costs, but it does not appear to affect the dwelling’s current livability or financing. The discrepancy in internal area (94mยฒ vs 102mยฒ) signals a need for precise measurement before any redevelopment planning, though it does not undermine the core land value. The rental yield at $660pw is strong for West Hobart, offering a viable hold strategy while the land appreciates. For a buyer with a 5- to 10-year horizon, the logical play is to secure the property now, hold for land value growth, and consider a rear extension or secondary dwelling once the overlay implications are fully understood.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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Market Insight:

West Hobart is a tightly held inner-city suburb benefiting from its proximity to the CBD and strong transport links. Demand is driven by a persistent undersupply of rental stock, attracting investor interest alongside owner-occupiers seeking established character. The housing market demonstrates consistent sales activity and modest growth, while the unit segment has experienced recent price adjustments. Future growth is supported by broader infrastructure investment, though affordability pressures and new residential supply entering the market present key balancing factors for price sustainability.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

2

Land

715mยฒ

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