3/10 Belton Street, Hillcrest TAS 7320

3/10 Belton Street, Hillcrest TAS 7320
3/1/1 townhouse | 213m² lot | established Hillcrest | Montello Primary zone | 23.6% renter street A three-bedroom, one-bathroom townhouse with single-car parking is offered on a 213m² lot in established Hillcrest. This compact format is well suited to first-home buyers, downsizers, and investors seeking a low-maintenance dwelling with rental appeal. Because the surrounding suburb is dominated by detached houses, a more affordable entry point is provided by this townhouse while a small private yard is retained. A steady occupancy demand is indicated by the Montello Primary catchment and the street’s evident renter presence. Practical flexibility for outdoor use is added by the lot, which is slightly larger than typical for the unit type. Value may be affected by internal condition and finishes, not confirmed externally. Price might be limited by a dated interior, while it could be lifted by a well-presented kitchen or bathroom. Extensions are constrained by the compact lot. A floor is provided by rental demand, but any premium may be justified if the townhouse is presented well against similar stock.
Detailed Independent Property Report prepared  by PropCred Analyst team for 3/10 Belton Street, Hillcrest TAS 7320
Checks found:
Value Risk ✓
Liquidity Risk ✕ 2
Planning Risk ! 1
Income Risk ✓
Execution Risk ✓
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Market Insight

Hillcrest, a compact Burnie-area suburb of about 1,100 residents, is a tightly held market defined by mortgaged owners (54%) and a high share of singles (34%). Demand comes from local labourer households with mid-to-upper incomes, supported by a 25% rise in household income since 2016. House prices have stabilised around $440,000, with annual growth of 9–13.4% across measures, while stock is scarce: last month only one property was for sale and two to three for rent, representing a 7% market stock level. Sales move in about 55 days, though a -3% vendor discount shows buyer leverage. Gross yields of 5.35% and recent offers above $579,000 point to firm interest from both owner-occupiers and investors. The main constraints are thin turnover—around 30 house sales a year—and rate sensitivity from a heavily mortgaged ownership base.
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PropCred Estimated Value

Comparable Sales: 1/10 Belton Street (3/1/1 townhouse, 206m²) at $351,000 | Property Price Band: $350,000 to $450,000 | Value Drivers: land size, presentation, rental demand

Bedrooms

3

Bathroom

1

Parking

1

Land

213m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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