3/15 Hazell Street, Blackmans Bay TAS 7052
3/15 Hazell Street, Blackmans Bay TAS 7052
Renovated 2-bed townhouse | beachside Blackmans Bay | leafy private courtyard | Derwent River glimpses
This property’s competitive edge lies in its renovation quality and layout efficiency within a tightly held beachside pocket. The polished concrete floors, raked ceilings, and indoor-outdoor flow through sliding doors create a modern feel that typically outperforms older stock in this price bracket. For a first home buyer or downsizer seeking low-maintenance living with immediate access to the beach and local amenities, the configuration is well above average for a 66m² floorplan. The owner-occupied street profile and 78% owner-occupancy in Blackmans Bay suggest stable demand and limited rental turnover, which supports capital preservation for an owner-occupier.
The primary risk is the compact 93m² lot and strata arrangement with four other units, which limits future extension potential and may constrain capital growth compared to standalone houses. Buyers should note the 1976 build age, though the recent renovation mitigates immediate maintenance costs. The rental yield at $445-$535 per week offers a reasonable buffer for an investor, but the property serves best as a long-term hold for someone who values lifestyle adjacency over speculative upside. Hold this property for its livability and steady demand rather than expecting rapid appreciation.
Detailed Independent Property Report prepared by PropCred Analyst team for 3/15 Hazell Street, Blackmans Bay TAS 7052
Checks found:
Value Risk
✕
2
Liquidity Risk
!
1
Planning Risk
!
1
Income Risk
!
1
Execution Risk
✕
2
Market Insight
Blackmans Bay is a family-oriented suburb with a professional demographic, positioning it as a stable residential enclave within Greater Hobart. Demand is primarily driven by established households, supported by a consistent professional income base. Recent market conditions show a period of price recalibration, with sales volumes remaining steady. Future growth is underpinned by broader Tasmanian rental pressures and a constrained housing supply, though the market exhibits sensitivity following a previous growth cycle.
PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
93m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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