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35 Parker Street, Devonport TAS 7310

$780,000 - $825,000

Search Band Search Visibility Band

$750k - $800k High Confidence Calculated based on strong search observations.

House 7 Beds 3 Baths 3 Cars 941 m²

Listed: 16 days ago

Updated: 3 hours ago

Overview

This substantial investment property in Devonport offers an exceptional opportunity for investors seeking multiple income streams. Comprising a large principal residence with up to seven bedrooms and adjoining flats, the property supports diverse accommodation options that cater to a range of tenants and household configurations.

The property's thoughtful layout provides flexibility, featuring numerous bedrooms and living areas across the home and flats, which is ideal for income diversification. Modern updates have been made to two of the kitchens, enhancing functionality and appeal, while a modest third kitchen caters to the middle flat's compact living space. Heating is effectively managed with a modern heat pump in the main home and electric heating in the flats, ensuring comfort throughout.

Parking provisions accommodate a garage and carport for the main residence and off-street parking for the flats, improved further by an accessible right of way from Parker Street. Architectural details such as square-cut cornices and timber windows lend character to the home, accompanied by aluminium windows upstairs and bathrooms equipped with ample shower and bath facilities.

The property benefits from its prime location within easy walking distance to Devonport's city center, the vibrant Hill Street precinct, and riverfront areas, positioning it well for future growth aligned with the city's redevelopment plans, including the transformation of the adjacent old showground into new housing.

Overall, this property is suited to investors seeking a robust asset with a proven weekly rental income exceeding $1,000, situated in a central location with promising developmental prospects.

Local Market Insights

In Devonport, Quiet Listings observed 61 new houses entering the market over the last 30 days, up from 17 during the previous 30-day period, with an average advertised asking price of $743,820. The property type mix of listed properties is predominantly Houses at 73%, followed by units (12%), and land (7%). The most active agency for houses in the Devonport area is currently Halliwell Property Agents, representing 26% of new listings, followed by Harcourts with 16%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.