7 Cochrane Street, Glenorchy TAS 7010

3-bed house | 16% site coverage | fully fenced | FTTP & 5G | primary school zone This house presents a low-density proposition on a 630sqm lot, with building coverage of only 16% offering significant expansion potential within the fence line. Its reliable connectivity and catchment for Springfield Gardens Primary anchor its utility for a family or long-term holder. The buyer enquiry range indicates established market interest, positioning it as a conventional, low-maintenance entry into the Glenorchy area. The primary risk is valuation compression against the recent Cochrane Street sale at $506k, demanding a clear justification for a ~40% premium. The opportunity lies in the under-utilised land, which supports a future extension or subdivision, subject to council zoning. Acquire at the lower end of the range only if the land premium is validated by a development assessment; otherwise, its yield from the central rental estimate supports a straightforward buy-and-hold. * **23 Cochrane Street:** Sold for $506,000 in May 2025. 3 bedrooms, 1 bathroom, 3 parking spaces. * **Inference:** This comparable sale establishes a sharp price benchmark, making the subject property’s $680k+ asking price contingent on its larger land parcel, greater parking provision, and potential for value-add through its low site coverage.