Back 12/38 Victoria Parade
Off Market

12/38 Victoria Parade

Devonport TAS 7310

2
1
74 m²
Unit
Cordell RichardsonCordell Richardson, last sold this property on 26 August 2025 after 729 days on market.

Overview

Set in a tightly held complex along Devonport's premier waterfront strip, this updated apartment offers panoramic views of the Mersey River and a reliable long-term tenancy - making it a standout investment opportunity. Positioned on the top floor, the property is currently leased at $410 per week until December 2025 to quality tenants. With a history of strong rental performance and minimal vacancy, this fully furnished apartment offers a true set-and-forget asset for investors seeking stability and immediate income. Key features include: -Two generous bedrooms with built-in robes -Open-plan living area with sweeping water views -Updated kitchen with Laminex benchtops, ceramic cooktop, wall oven and breakfast bar -Bathroom with shower over bath, vanity and toilet -Designated undercover car space at the rear The sale includes a full suite of furnishings - ensuring a seamless transition for both landlord and tenant. Located within walking distance to Devonport CBD, parks, and recreational paths, this prope

Features

2 bedrooms
1 bathroom
74 m² lot size
Unit

Estimated Value

Based on this property and similar 2 bedroom units sold in Devonport over the last 12 months, the estimated median property value of 12/38 Victoria Parade is $407k.

Median value
$407k
Estimated value range
$245k - $605k
Median days on market
50
Estimated value trend
-1%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Devonport. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 12/38 Victoria Parade

2025
Sold
Undisclosed
Private Sale/Treaty on 26 Aug 2025 by Cordell Richardson, of Harcourts Devonport & Shearwater
2024
Rented
Undisclosed
Leased on 15 May 2024 by Harcourts Devonport & Shearwater
2023
Rented
Undisclosed
Leased on 07 Nov 2023 by Harcourts Devonport & Shearwater

Happy sellers in Devonport

94%
94% of sellers in Devonport reported that their sale price either exceeded or met their price expectations.

Devonport stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 42 reviews in Devonport over the last 12 months.

Local market activity for 2 bedroom units in Devonport

In the last 12 months, 48 two-bedroom units similar to 12/38 Victoria Parade, have been sold.

This represents a 23% decrease in two-bedroom units sales when compared to the previous 12 months.

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