44 Coraki Street, Chigwell TAS 7011
44 Coraki Street, Chigwell TAS 7011
3 beds / 1 bath / low perceived bushfire or flood risk | 670sqm in a high-inventory street | 1959 build with 100sqm floorplan | the buyer is paying a premium for views and space
The property commands a notable price premium for its Derwent River outlook and generous 670sqm landholding, but the 1959 build and modest 100sqm floor area limit what the buyer gets for that cost. Financing based on a mid-$600k estimate seems achievable for a well-located house, but the 22-day market presence suggests the listing price has not yet met buyer sentiment. Given the long-term resident profile in this street, it is best held as a stable owner-occupied home rather than a short-term flip.
What makes this house competitive is its elevated position and rare panoramic views across the river and bridges, which are hard to replicate in this price band. The fully fenced block and six parking spaces offer immediate practicality for a family or someone who values outdoor space and vehicle storage. This property serves best a buyer who prioritises location and land over modern finishes, and who is ready to personalise the interior to capture the view from inside. There is no sales history or recent comparable data available in the results to benchmark value further, so the buyer should verify nearby transaction records with their conveyancer before proceeding.
Detailed Independent Property Report prepared by PropCred Analyst team for 44 Coraki Street, Chigwell TAS 7011
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Chigwell is an outer Hobart suburb experiencing a tightly held and rapidly appreciating market. Strong investor interest is evident, supported by a significant rental population and exceptionally low vacancy rates. Recent price growth has been robust, driven by constrained supply and high local demand, with sales activity remaining consistent. Future growth is underpinned by this persistent supply-demand imbalance, though the acute shortage of available listings presents a key constraint for both buyers and renters.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
6
Land
670m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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