93 Burghley Street, Longford TAS 7301

93 Burghley Street, Longford TAS 7301
Brand-new build | 3 bed 2 bath 4 car | High rental yield | Land value surge evident This property presents a competitively strong, modern house in a high-demand configuration, with its dual bathrooms and exceptional four parking spaces offering a practical edge for families or investors. Its new condition eliminates immediate capital expenditure, while the estimated rental yield positions it as a cash-flow positive investment from acquisition. This house best serves a buyer seeking a low-maintenance entry into a growing township, with the recent land value increase underscoring the area’s development trajectory. The primary risk is the detected bushfire exposure, which necessitates insurance cost due diligence and may impact future financeability. The compressed three-year holding pattern on the street suggests a speculative turnover environment, demanding a longer hold to mitigate resale volatility. Acquire as a long-term rental holding; its modern fittings and energy-efficient design will sustain tenant appeal and reduce holding costs against older stock. Recent sales on Burghley Street demonstrate strong short-term growth, supporting the vendor’s current asking premium. For example, Number 9 sold for $585,000 in March 2026 after a $425,000 purchase in December 2022. Number 62A achieved $590,000. This activity confirms robust demand for three-bedroom houses in the immediate locale, providing a credible benchmark for this property’s valuation.

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

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Market Insight:

Longford presents as an affordable, established suburb with a mature demographic profile, attracting downsizers and childless couples seeking outright ownership. Demand is underpinned by a tight rental market with extremely low vacancy, appealing to investors and supported by a workforce in essential trades and services. Recent price trends show mixed signals with some softening in houses but stronger unit performance, indicating a segmented market. Future growth may be driven by sustained rental demand, though limited sales stock and a reliance on its current demographic base present constraints on broader price momentum.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

4

Land

552mΒ²

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