Prime Position, Endless Potential
Set in a highly sought after pocket of New Town, this is the kind of property that investors and developers are always watching for. Positioned on a generous parcel, the home offers immediate liveability with clear potential to further enhance, extend, or explore development opportunities (STCA).
The existing home has a simple, functional layout with good proportions throughout. A spacious living and dining area sits at the heart of the home, flowing through to a practical kitchen with pantry. Two well sized bedrooms, a central bathroom with separate WC, and a light filled sunroom add to the overall flexibility. Underneath, there is substantial under house storage, providing further scope for future use or improvement.
Currently tenanted until January 2027, the property offers immediate rental income and peace of mind for investors. The existing tenant is keen to remain in place and has been maintaining the home to a high standard, making this a straightforward, set and forget investment from day one.
What truly sets this property apart is the combination of land size and location. Just moments from shops, schools, transport, and the Hobart CBD, this is a proven position that continues to see strong demand. Whether you are looking to secure a solid investment, renovate over time, or unlock the development potential, this is an opportunity to buy in a premium area and capitalise on it moving forward.
There is also the added advantage of an existing DA permit in place, along with full engineering drawings for four townhouses. This provides a significant head start for those looking to develop, with the option to utilise all or part of the approved plans, subject to your own requirements and timelines.
• Parcel with development potential, STCA
• Prime New Town location close to CBD, shops, and schools
• Solid home with immediate rental or holding income
• Spacious living and dining area with great natural light
• Functional kitchen with pantry and practical layout
• Two well sized bedrooms with good proportions
• Sunroom providing additional living or workspace
• Separate bathroom and WC for everyday convenience
• Extensive under house storage with future potential
• Ideal for investors, developers, or long term land banking
Year Built: 1940
Construction: Weatherboard
Annual Water Rates: $1,189 approx.
Annual Council Rates: $2,688 approx.