8/9-13 Luttrell Avenue, Bellerive TAS 7018

8/9-13 Luttrell Avenue, Bellerive TAS 7018
Beach proximity | level entry | low-maintenance unit | tight owner-occupier complex This unitโ€™s strongest buying case is its rare combination of level entry and direct beach adjacency in a complex dominated by long-term owners. With 85% owner-occupiers and 58% long-term residents, the building offers stable, low-turnover living that reduces both risk and noise for a buyer. The 78mยฒ internal floorplan and single carport suit downsizers or lifestyle buyers wanting lock-and-leave convenience without sacrificing space. Positioned within Bellerive Primary intake and close to Clarence High, it also holds appeal for small families seeking coastal amenity with school proximity. The estimated value range of $606,000โ€“$630,000 suggests room to negotiate below market if the asking price holds firm. The flood overlay is the primary risk and will constrain finance options and insurance cost. Buyers should factor higher premiums and potential lender restrictions into their holding budget. The lack of public inspections and short market time suggest the seller may be testing demand rather than under pressure. A building and pest report is available and should be reviewed before any offer. Rental potential of $500โ€“$600 per week provides a credible fallback if plans change. This property is best held as a primary residence with the option to rent if needed, not as a pure investment.

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

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Market Insight:

Bellerive is positioned as a sought-after waterfront suburb with historic charm and strong community infrastructure, including key sporting venues. Demand is driven by lifestyle buyers attracted to its coastal appeal and investors capitalising on a tight rental market with solid yields. Recent price growth reflects high sales activity and competitive conditions, supported by limited new supply. Future growth is underpinned by sustained desirability and rental undersupply, though affordability constraints and sensitivity to interest rate changes present key market risks.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

1

Land

143mยฒ

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