October 1, 2023


Where Dream Come Home

Reno, demo, bulldoze? Property needs complete overhaul

Jarrad Bevan

News Corp Australia Network

No.570 Collinsvale Rd, Collinsvale has been sold fast. Picture: Supplied

A FIXER-UPPER in Collinsvale hit the market last week and was sold lightning fast for $61,000 over its starting price.

It has got holes in the walls, doors off their frames, and questionable paint choices, but that did little to dull an enthusiastic reaction from potential buyers.

Harcourts Hobart property representative Mark Weaver said No.570 Collinsvale Rd attracted cash contracts within just a few days.

“There have been about 20 people through to inspect the property,” he said. “I have been inundated.”

No.570 Collinsvale Rd, Collinsvale.

No.570 Collinsvale Rd, Collinsvale.

Mr Weaver said the house will require extensive renovations or demolition.

He said most of the potential buyers were builders who can see past the dwelling’s cosmetic issues.

“They can see its potential, what they would need to spend on it to get it back on the market again,” he said.

“The structure is quite good, but it is rotten inside.

“The foundations and framework are pretty solid.

“But the plaster needs to be removed, same for the kitchen — everything needs to be ripped out.

‘There is a shed that could be easily fixed up, and the 1700sq m of land might be nice to run a few sheep, goats or chickens.”

No.570 Collinsvale Rd, Collinsvale.

No.570 Collinsvale Rd, Collinsvale.

No.570 hit the market at “Offers over $295,000”. It fetched $356,000.

Mr Weaver said when any property is priced this sharply, people should not delay if they are interested. “You need to jump on it. Don’t wait ‘til the weekend, you need to act straight away because they can sell in days,” he said.

No.570 is located about 15 minutes’ drive from Glenorchy and 25 to Hobart’s CBD.

The floorplan offers a basic three-bedroom, 1.5-bathroom home, with a large carport, shed, studio, and enclosed animal pens.

No.570 Collinsvale Rd, Collinsvale.

No.570 Collinsvale Rd, Collinsvale.

The backyard and paddock has a northerly aspect, ensuring a home will benefit from year-round morning sun.

The boundary is fenced.

Mr Weaver said Collinsvale enjoys a fabulous sense of community, from the monthly farmers market to the boutique local primary school, home to only 50 or so students, and within walking distance of No.570 Collinsvale Rd.