31 Bluetongue Drive, Magra TAS 7140
31 Bluetongue Drive, Magra TAS 7140
Brand-new build | never occupied | barrier-free design | 3-bed, 3-bath configuration | secure parking
This property presents a competitively strong offering as a modern, turnkey house in a growing council area, distinguished by its three-bathroom layout and universal design features which are rare for new stock at this price point. It serves an owner-occupier seeking a low-maintenance home or an investor targeting a premium rental, evidenced by its immediate tenancy listing at the upper range of the estimated market rent. The absence of flood or heritage overlays simplifies due diligence.
Proceed with the understanding that the bushfire overlay mandates specific insurance costs and potential construction premiums, directly impacting holding expenses. The pending sale status suggests underlying demand, but the lack of recent comparable sales in the results obscures true market calibration. Acquire as a long-term hold; its new condition and functional design will sustain appeal, but the premium for novelty is already reflected in the listed price.
Detailed Independent Property Report prepared by PropCred Analyst team for 31 Bluetongue Drive, Magra TAS 7140
Checks found:
Value Risk
✕
2
Liquidity Risk
✓
Planning Risk
✕
2
Income Risk
!
1
Execution Risk
!
1
Insight: Magra TAS 7140
Magra is a tightly held rural suburb experiencing exceptional capital growth, driven by family buyers seeking larger acreage properties within commuting distance of Hobart. This demand has compressed vacancy rates to extremely low levels, supporting strong rental yields. However, the market is characterised by very low sales volumes, and a recent sharp increase in listed stock suggests potential price sensitivity, indicating a market at a potential inflection point.
PropCred Estimated Value
Bedrooms
3
Bathroom
3
Parking
3
Land
575m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst