56 Macfie Street, Devonport TAS 7310

56 Macfie Street, Devonport TAS 7310
1925 character | timber floors | four-bedroom Devonport | Macfie Street position | 191 sqm internal This four-bedroom house from 1925 on Macfie Street offers a configuration rarely found in central Devonport-four genuine bedrooms with 191 square metres of internal space, timber floors and open fireplaces intact. For a buyer seeking a family-sized property within walking distance of the CBD and waterfront, the size and original character provide a structural advantage over newer infill stock. The single garage and two bathrooms (with one source noting a single bathroom) are adequate for a family but not generous, meaning the property serves best a buyer who values period proportions over modern bathroom count. The 2020 sale at $380,000 sets a known baseline, but the key risk is that the 1925 build may require significant electrical, plumbing or insulation upgrades not visible at inspection. The one-bathroom discrepancy between records signals possible unapproved alterations or a dated configuration that limits appeal to downsizers and investors. Opportunity lies in restoring the fireplaces and timber floors as differentiators, then holding for long-term capital growth driven by Devonportโ€™s tightening supply of period homes. Use this property as a buy-and-hold family home or a renovation play targeting the owner-occupier market-but budget for structural checks before offering

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

Market Insight:

Devonport is a well-established regional centre with a diverse demographic base supporting its residential market. Demand is driven by a mix of family types seeking entry-level affordability and established housing. The house market has demonstrated robust capital growth, significantly outpacing the unit segment, and properties are transacting with relative speed, indicating solid buyer appetite. Future growth is underpinned by its role as a key service hub, though market conditions show variability in selling times, presenting a balanced but nuanced opportunity.
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

2

Land

961mยฒ

Assessments Delivered Today

WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat