318 Elizabeth Street, North Hobart TAS 7000
318 Elizabeth Street, North Hobart TAS 7000
4-bed heritage terrace | 316 m² site | walk-to-CBD dining strip | two-level period detail | family-sized inner-city
This house is positioned as a rare larger-format terrace within a precinct dominated by compact units. A four-bedroom layout is presented across two levels, where original timber staircase, period fireplaces, and pressed tin ceiling are retained. A rebuilt balcony and hardwood decking have been introduced, adding a contemporary edge while preserving heritage character. Walkability to the CBD and the North Hobart restaurant strip is considered exceptional, making this a standout choice for families or professionals who seek inner-city convenience with room to spare. The private rear yard is rarely found at this scale.
Orientation and parking are not confirmed, and buyer confidence might be tempered by that uncertainty. Ongoing maintenance of the older building fabric may be required, while expansion potential is limited by the modest land size. Investor interest could be redirected by strong rental demand for smaller units, and renovation options might be curtailed by heritage constraints. These factors should be weighed against the location’s proven appeal.
>> Comparable Sales: A 4-bed heritage terrace on a 300m² block sold at $1.35M; another two-level period house traded near $1.28M | Property Price Band: $1.2M–$1.3M | Value Drivers: condition, land size, location
Detailed Independent Property Report prepared by PropCred Analyst team for 318 Elizabeth Street, North Hobart TAS 7000
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
2
URL has been copied successfully!
Market Insight
North Hobart TAS 7000 sits as an inner-city precinct with strong connectivity to Hobart CBD via major roads and bus routes, and access to well-regarded public school catchments. Demand is driven by local families, professionals, and downsizers seeking proximity to amenities and employment, alongside investors attracted by rental demand. House prices have fallen sharply, down 11.73% annually to a median of $869,500, with 34 days on market and thin volume of 28 sales. Units have outperformed, rising 8.36% to $791,000. Gross yields are comparable at 3.89% for houses and 3.95% for units, with weekly rents at $600 and $605 respectively. Future support comes from tight supply, low listings, and an undersupplied rental market, but affordability constraints and higher borrowing costs may limit buyer participation, while investor activity remains sensitive to yield conditions.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
5
Bathroom
2
Parking
-
Land
213m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!