5 Graelee Court, Kingston TAS 7050
5 Graelee Court, Kingston TAS 7050
Compact brick house | quiet cul-de-sac | 602m² land | 3-bed functional layout | strong rental appeal
This single-level brick house is positioned in a quiet cul-de-sac, with a 602m² land holding larger than many nearby detached offerings. The compact 81m² layout is made practical by built-in wardrobes in all bedrooms, a renovated neutral bathroom, and a laundry with backyard access. Off-street parking for multiple vehicles, including a boat or caravan, is often sought in established suburbs. The property is best suited to first home buyers, downsizers, and investors wanting a low-maintenance house with rental appeal in a family-oriented location. Solid construction, private position, and efficient use of space are combined to give it a clear local point of difference.
The property’s value may be shaped by its smaller building footprint relative to land size, which could appeal to buyers planning future extensions or those who prioritise outdoor space. Daylight and ongoing maintenance should be inspected, as orientation and construction era can affect comfort. Rental demand in Kingston and the established residential character may support price stability, while any need for updating beyond the renovated bathroom could be weighed during negotiation.
>> Comparable Sales: 12 Graelee Court (3/1/3, 649m²) sold around $525,000; 7 Harris Court (3/1/2, 655m²) sold around $530,000 | Property Price Band: $650,000–$750,000 | Value Drivers: larger-than-typical land, brick construction, quiet cul-de-sac position
Detailed Independent Property Report prepared by PropCred Analyst team for 5 Graelee Court, Kingston TAS 7050
Checks found:
Value Risk
✓
Liquidity Risk
!
1
Planning Risk
✕
2
Income Risk
✓
Execution Risk
✓
Market Insight
Kingston TAS 7050 is an established family suburb of 12,288 residents, with couples with children making up 41% of households and professionals, clerical and community-service workers the dominant occupations. Demand is owner-occupier led-67.9% of dwellings are owner-occupied and 35% of residents are purchasers-reinforced by 18% population growth from 2016 to 2021. House prices are flat to slightly softer over the past year, with medians of $710,000–$750,000 and annual growth ranging from -2.2% to 0.5% compound. Units are firmer, with medians around $580,000–$585,000 and growth up to 3.8% compound. Houses take 23–71 days to sell, and gross yields are 4.1–4.4% for houses and 4.2–4.7% for units. Weekly rents are $630–$653 for houses and $510 for units. Five-year house value growth of 44.5% underscores sustained demand, though rate sensitivity and limited supply data temper the outlook.
PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
559m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst