5 Osborne Street, Sandy Bay TAS 7005
5 Osborne Street, Sandy Bay TAS 7005
1940s freestanding house | Sandy Bay near Albuera Street school | inconsistent bedroom count | solid rental yield signal
The property’s core advantage is its freestanding house form on a 423-441m² lot in Sandy Bay, a tightly held suburb where 65% of residents are owners and land supply is constrained. The 30% site coverage and 125m² building footprint leave meaningful redevelopment or extension potential, and the 5G coverage and NBN FTTP support modern working from home needs. This property best suits a buyer seeking a long-term hold with optionality to renovate or reconfigure, or an investor targeting the high-confidence $675pw rental yield in a predominantly owner-occupied street.
The inconsistent bedroom count across listings is a genuine negotiation lever: one source says two bedrooms, the sales listing says three. A buyer should verify the actual configuration and consider whether a third bedroom could be formally created. The 2011 sale price is absent, and the current estimated value of $1.094m sits well below the $1.25m+ asking range, suggesting either a premium for condition or an overpriced entry. No flood, bushfire, or heritage overlays reduce holding risk, but the 80% confidence satellite roof data means a physical inspection is non-negotiable.
Detailed Independent Property Report prepared by PropCred Analyst team for 5 Osborne Street, Sandy Bay TAS 7005
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
1
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Market Insight
Sandy Bay is Tasmania’s premier affluent suburb, with demand driven by professionals and families drawn to its prestige and proximity to Hobart’s amenities and quality schools. The housing market demonstrates resilience with solid sales activity, though recent trends show mixed performance with unit prices under pressure. Future growth is anchored by its established desirability and low vacancy rates, yet high price points constrain affordability and the market remains sensitive to broader economic conditions.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
3
Land
441m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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