86 Bangalee Street, Lauderdale TAS 7021

Bedroom count ambiguity | 134sqm on 1487sqm | sold Aug 2024 at $645k | off market now | valuation $727k There is a clear risk from the bedroom discrepancy across sources—the property has been marketed as both three and four bedrooms, which creates a perception gap when reselling. The initial asking price above $695,000 failed to transact, and the eventual August 2024 sale at $645,000 suggests the market reacted to that confusion and the constrained internal area for the land size. A buyer here pays for 1487 square metres but only 134 square metres of house, so the premium sits firmly in land banking or extension potential, not the current dwelling. This property should be held as a medium-term redevelopment play or a family home waiting for floorplan expansion, not a turnkey purchase. What is competitively strong here is the exceptional land-to-house ratio for Lauderdale—most houses on standard blocks do not offer this much outdoor space for parking, sheds, or splitting. Three off-street spaces alone give this a practical advantage for families with multiple vehicles or a boat. The property serves best a buyer with renovation budget or development intent who can resolve the bedroom ambiguity by adding a room or converting the rumpus. Comparables around the $640-660k range on similar land but with larger floorplans confirm the discount here is justified by the smaller house, so your negotiation leverage is the cost to build out. To move forward, instruct a builder to cost a two-metre rear extension and secure a pre-approval before the listing re-emerges, because this lot size in this suburb is what holds long-term value, not the current floorplan.