4 Trevor Terrace, New Norfolk TAS 7140
4 Trevor Terrace, New Norfolk TAS 7140
This 3-bedroom, 1-bathroom house on a 819m² lot offers 148m² of internal living space with 5 open car spaces. It features solar panels, reverse-cycle air conditioning, a rumpus room, workshop, and is fully fenced. The property sits on a level block with a bushfire overlay detected.
What is competitively strong about this property is its generous land size, which is notably larger than typical suburban offerings in New Norfolk, and its ample off-street parking for five vehicles. The inclusion of solar panels and reverse-cycle air conditioning makes it an energy-efficient, low-maintenance option for a family or investor seeking a modern home without immediate upgrades. Its position in the suburb is advantageous for those wanting a newer build with established gardens and a semi-rural feel, serving buyers who prioritize space and convenience over historic character.
The bushfire overlay may materially affect the property’s value by imposing constraints on future modifications or landscaping, and it could influence insurance costs. The estimated rental yield of approximately 4.76% might appeal to investors, but the higher list price compared to older stock in the area may require careful consideration of long-term capital growth. The lack of a lock-up garage could be a minor drawback for some buyers, though the extensive open parking offsets this.
Detailed Independent Property Report prepared by PropCred Analyst team for 4 Trevor Terrace, New Norfolk TAS 7140
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
1
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Market Insight
New Norfolk is an affordable entry point for families and Hobart commuters, offering freestanding homes with heritage charm and a riverside setting. Demand is driven by its relative value, improved local amenities, and strong long-term growth projections. The market exhibits firm price appreciation, with tight rental vacancy and solid yields indicating sustained investor and owner-occupier interest. Future growth is anchored by its inclusion in national hotspot lists, demographic change, and infrastructure, though its appeal remains sensitive to broader economic conditions affecting affordability.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
557m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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