62 Burghley Street, Longford TAS 7301

62 Burghley Street, Longford TAS 7301
4 bedrooms | 2 bathrooms | 2 car garage | 500mยฒ lot with 235mยฒ building | Longford Primary zone | no overlays The propertyโ€™s strongest buying case is its unusually high building coverage at 47 percent, which gives it a floor area that rivals much larger lots in Longford. For a buyer seeking immediate space without the maintenance of a big garden, this configuration is rare. The four bedrooms with an ensuite and double garage place it well above the adjacent 62A property in both utility and privacy. It serves best a family or professional couple wanting a low-maintenance house with room to spread out, inside a school catchment that adds long-term demand depth. The main risk is the lack of recent comparable sales data for this specific lot, which makes the upper valuation of 764k difficult to anchor without a formal appraisal. The property has been on market only six days, so there is no price softening signal yet. The opportunity lies in the absence of bushfire, flood, or heritage overlays, which removes a common negotiation hurdle for buyers in this region. Hold this property as a primary residence; its building efficiency and school zone positioning support stable resale value without requiring active management.

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

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Market Insight:

Longford presents as an affordable, established suburb with a mature demographic profile, attracting downsizers and childless couples seeking outright ownership. Demand is underpinned by a tight rental market with extremely low vacancy, appealing to investors and supported by a workforce in essential trades and services. Recent price trends show mixed signals with some softening in houses but stronger unit performance, indicating a segmented market. Future growth may be driven by sustained rental demand, though limited sales stock and a reliance on its current demographic base present constraints on broader price momentum.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

2

Land

500mยฒ

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