8 Ti-Tree Drive, Grassy TAS 7256

8 Ti-Tree Drive, Grassy TAS 7256
3-bedroom house on 902mยฒ | King Island rural setting | Bushfire overlay present | 110-134mยฒ internal floorplan This property offers a rare combination of a generous 902mยฒ block with a solid three-bedroom house at an entry-level price point in a tightly held King Island market. The 12% building coverage leaves substantial room for expansion or outdoor infrastructure, which is unusual for a house at this price tier. The reliable satellite and 4G connectivity supports remote work or lifestyle buyers, though the bushfire overlay will require a vegetation management plan and may increase insurance premiums by an estimated 15-25%. The primary risk is the conflicting internal area data, which suggests either a measurement error or an unapproved extension, requiring a building survey before exchange. The lack of flood or heritage overlays simplifies due diligence, and the proximity to King Island District High School adds family appeal. For a buyer seeking a low-competition rural holding with expansion potential, this property works best as a long-term hold with a view to subdividing or adding a second dwelling, provided council permits are obtained.

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

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Market Insight:

Grassy, on King Island, is a niche market defined by its scarcity. With only three house sales recorded in late 2025, transaction volumes are exceptionally low, pointing to a tightly held, illiquid stock. The limited data suggests a market driven by lifestyle buyers seeking high-yielding, low-cost entry points, evidenced by gross rental yields near nine percent. While a median house price around the mid-three-hundred-thousand mark indicates affordability, the absence of growth data and infrastructure details underscores a speculative environment. Future appreciation is constrained by the islandโ€™s remoteness and thin demand pool, with no clear drivers for capital gains beyond yield-chasing investors.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

-

Land

902mยฒ

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