38 Carnegie Street, Claremont TAS 7011
38 Carnegie Street, Claremont TAS 7011
1964 three-bedroom on 609sqm | flood overlay present | city and ocean views | strong connectivity including FTTP NBN | suited to first-home buyers or investors
The property is positioned competitively for its combination of block size, established zoning, and expansive views-features rarely paired at this entry-level price point in Claremont. The fully fenced yard, shed, and converted under-house rumpus offer immediate liveability and storage that many newer builds lack, making this house a practical fit for a couple or a first-home buyer who wants space to grow without paying for unnecessary finishes. Its open-plan layout and separate lounge respond to modern preferences while the 1964 construction lends build quality typical of the era.
The primary risk is its location within a flood overlay, which may affect insurance costs, future resale buyer pools, and any renovation approvals-this must be investigated before proceeding. That said the opportunity lies in the property’s topography: elevated enough to capture city and ocean views, suggesting the flood risk may be limited to specific events, and the strong FTTP NBN and 5G coverage boost its appeal for remote workers. With Claremont prices rising and days on market short, this house presents a credible entry point if the buyer is comfortable with due diligence around flood history and drainage.
Detailed Independent Property Report prepared by PropCred Analyst team for 38 Carnegie Street, Claremont TAS 7011
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
2
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Market Insight
Claremont presents as an affordable entry point with a clear divergence between its established house and unit markets. Demand is anchored by owner-occupiers, evidenced by strong capital growth in houses, which consistently outperform the unit segment. The market is active with solid sales volumes, though varying time-on-market metrics suggest a nuanced negotiation environment. Future growth will be supported by tight rental vacancy, but the suburb’s trajectory remains sensitive to broader economic conditions and interest rate movements.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
609m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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