71 Molle Street, Hobart TAS 7000
71 Molle Street, Hobart TAS 7000
Period brick semi-detached | north-facing garden with city views | 77% site coverage | walk-to-CBD location
This property presents a rare combination of period character and practical density in a tightly held inner-city pocket. The 77% building coverage on a 152m² site signals efficient land use, while the north-facing garden and elevated city views add a qualitative edge uncommon for semi-detached stock at this price point. The flexible four-bedroom layout, with high ceilings and Tasmanian Oak flooring, serves both owner-occupiers seeking character and investors targeting the premium rental bracket. The recent roof extension and Daikin reverse cycle unit indicate capital already deployed, reducing immediate maintenance burden. For a buyer prioritising walkability to the CBD and schools without car dependence, this house offers a defensible position in a low-supply corridor.
The principal risk is the single bathroom, which may limit appeal for families or tenants expecting two bathrooms at this price level. The 1913 build, while charming, may conceal latent issues in plumbing or wiring that a pre-purchase inspection should verify. However, the absence of heritage, bushfire, or flood overlays removes common regulatory friction, and the FTTP and 5G connectivity support modern working-from-home demand. The opportunity lies in the potential to reconfigure the layout—either as three bedrooms plus a study or to add a second bathroom in future—which could lift both owner satisfaction and rental yield. For a buyer with a renovation appetite, this property offers a solid base with clear upside.
Detailed Independent Property Report prepared by PropCred Analyst team for 71 Molle Street, Hobart TAS 7000
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
Hobart’s central positioning offers a vibrant cultural scene and strong connectivity, attracting professionals and families. Investor activity is prominent, driven by a tight rental market and resilient demand amid significant supply constraints. While the house market has softened, units show stronger momentum, with affordability and critically low listings presenting both a key growth driver and a primary risk to future value.
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PropCred Estimated Value
Bedrooms
4
Bathroom
1
Parking
-
Land
152m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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