679 Tea Tree Road, Tea Tree TAS 7017
679 Tea Tree Road, Tea Tree TAS 7017
Large lot near town | 1930s character | bushfire overlay noted | Brighton Primary zone
This property offers a rare combination of a generous 1.25-acre parcel with a solid 1930s house, positioned within commuting distance of Hobart while retaining a rural-residential feel. The land-to-building ratio is unusually favorable, giving a buyer meaningful future options for subdivision, shedding, or simply enjoying space that newer subdivisions cannot match. The Brighton Primary catchment adds practical appeal for families, and the existing dwelling, while modest, is structurally viable for immediate occupation or renovation. This property suits a buyer seeking land value with a usable house, rather than a polished home on a small block.
The bushfire overlay introduces additional compliance costs for any new building or significant extension, and the 1930s construction may require updating for insulation, wiring, or plumbing. The sale history shows strong capital growth, but the current estimate range suggests limited short-term arbitrage. The opportunity lies in holding for land appreciation or pursuing a future subdivision if council zoning permits. This is a buy for its land position, not for the house alone—hold for the long term and improve incrementally.
Detailed Independent Property Report prepared by PropCred Analyst team for 679 Tea Tree Road, Tea Tree TAS 7017
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
1
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Market Insight
Tea Tree presents as a tightly held, family-oriented suburb with a high level of home ownership. Demand is anchored by established households, contributing to a stable market environment. Recent sales activity indicates a brisk pace for available properties, with limited turnover reinforcing a supply-constrained setting. Future performance will be shaped by the suburb’s established demographic profile and the inherent scarcity of listings.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
-
Land
1.25 acres
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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