69-71 Manuka Drive, Romaine TAS 7320
69-71 Manuka Drive, Romaine TAS 7320
Spacious footprint | 1955m² land | 17% building coverage | solar-equipped | school catchment
The property’s primary strength lies in its generous 1955m² landholding with only 17% building coverage, offering rare expansion or subdivision potential within Romaine. The 332m² building size, 5m roof height, and solar hot water system give it a configuration edge for buyers seeking space and energy efficiency over a standard suburban house. It is best suited to families wanting room to grow, or buyers who value future-use flexibility within a school catchment area.
No bushfire, flood, or heritage overlays are detected, which reduces planning risk and broadens buyer appeal. The estimated rental income of $525 per week provides a modest yield benchmark, though the $825,000 list price sits above the estimated value of $801,000, indicating limited immediate upside. The property’s opportunity lies in its low coverage ratio and land size, which may support a future subdivision or dual-occupancy application, subject to Burnie Council approval.
Detailed Independent Property Report prepared by PropCred Analyst team for 69-71 Manuka Drive, Romaine TAS 7320
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
Execution Risk
1
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Market Insight
Romaine presents a compelling entry point into Tasmania’s robust regional market, driven by mainland buyers seeking lifestyle and relative affordability. This demand has fueled strong recent capital growth, with houses transacting swiftly in a competitive environment. Future growth is underpinned by sustained lifestyle migration and constrained new housing supply, though this same supply constraint alongside increased competition from government incentive schemes presents a key risk to affordability and accessibility.
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PropCred Estimated Value
Bedrooms
4
Bathroom
1
Parking
2
Land
1955m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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