9 Fryett Street, Waverley TAS 7250
9 Fryett Street, Waverley TAS 7250
Renovated 1958 home | 668sqm freehold | Near Newstead & CBD | No bushfire/flood overlay | FTTP NBN
The competitive strength of this property lies in its fully renovated interior, substantial 668sqm block, and low overlay risk, representing a rare turnkey offering in Waverley. It is suited to owner-occupiers valuing immediate move-in readiness and investors seeking a yield near 4.8%. The combination of modern finishes, a large deck, and proximity to Newstead Shopping Centre and Launceston CBD positions it as a convenient and flexible choice.
Risks are contained to the compact 87sqm floor plan and single bathroom, potentially limiting appeal for larger households. The asking price sits above estimated value, requiring careful negotiation. Opportunities arise from the block’s size and absence of overlays, allowing for future extension or redevelopment. Strong rental demand, supported by nearby schools and retail, provides a reliable income stream, reinforcing its suitability as both a home and investment.
Detailed Independent Property Report prepared by PropCred Analyst team for 9 Fryett Street, Waverley TAS 7250
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Market Insight:
Waverley, on Launceston’s eastern fringe, is a small residential suburb with a tight market. Demand is driven by owner-occupiers in small households, attracted by limited supply and strong recent price growth. The market has seen rapid house-price appreciation, with stock extremely constrained; only a handful of sales occurred in the past year, and no rentals were available recently. Future growth is supported by this supply scarcity and active buyer interest. Key risks include affordability pressures from the sharp price rises and sensitivity to borrowing costs in a market with thin inventory.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
3
Land
668m²
Assessments Delivered Today
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