963 Murchison Highway, Elliott TAS 7325

963 Murchison Highway, Elliott TAS 7325
2.45ha acreage | updated family home | substantial shed | bushfire overlay present This property presents a rare combination of size, shedding, and modern comfort within a rural-residential setting. The 2.45-hectare landholding with a 7.6m x 12m workshop and renovated three-bedroom home gives a buyer genuine lifestyle flexibility, particularly for those needing home business or hobby space. The asking price aligns well with automated valuations, suggesting fair market positioning for an owner-occupier seeking space and outlook over pure rental return. The bushfire overlay is the primary planning consideration and should be investigated for any future building or insurance implications. Rental yield sits at a modest 3.1 to 3.5 percent, confirming this is suited to a buyer who will occupy rather than invest. The 2005 purchase history shows long-term capital growth, though rural acreage maintenance is higher than standard housing. For the right buyerโ€”one prioritising land, shedding, and a renovated interiorโ€”this represents a sound lifestyle acquisition.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 963 Murchison Highway, Elliott TAS 7325
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

Market Insight:

Elliott is a regional Tasmanian centre serving a wide catchment, where demand is driven by an older demographic, with a notable share of outright owners and a family-oriented, land-rich housing profile. The house market has seen a sharp upward price trend amid extremely limited supply, with properties selling rapidly. Future growth is supported by the suburbโ€™s regional service role and potential for rental yields, yet constrained by a very thin sales volume of only a handful of transactions annually and an affordable rental market that signals limited local employment diversity.
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

-

Land

2.45 ha

Assessments Delivered Today

WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat