Roll up your sleeves and reap the rewards! This 1950s brick beauty is ready for the right buyer to add value and unlock its full potential.
Located just under seven kilometres from Hobart's city centre, the home is currently configured as two self-contained flats and both are now vacant, giving you a free hand to move straight in or rent out. The one-bedroom flat was recently let at $320 per week, and when both are tenanted the property has the capacity to generate around $720 per week representing a strong rent yield once improvements are finished.
The current owners have updated the home with fresh paint, new floor coverings, and modern kitchens and bathrooms, giving it a bright and contemporary look. A few finishing touches are still required, making this an ideal project for anyone handy - especially tradespeople who can add their own polish and reap the rewards.
Whether you live in one flat and rent the other for mortgage relief, keep it as a dual-income investment, or convert it back into a spacious family home, the options here are flexible and rewarding.
There's also off-street parking for several vehicles, a carport, two storage sheds, and whitegoods included for both kitchens and laundries. With schools, shops and services nearby, plus the city an easy drive away, this is a project that stacks up both on the numbers and on location.
The numbers that matter:
• Two vacant flats - estimated return of approx. $720 per week once let
• One-bedroom flat recently rented at $320/week
• Solid 1950s brick construction with scope to add value
• Live in one flat, rent the other, or revert to family home
• Whitegoods included for both kitchens and laundries
• Off-street parking + carport + sheds
• Council Rates: approx. $1,800 p.a.
• Water Rates: approx. $1,149 p.a.
• Build Date: 1956
Disclaimer: Every effort has been made to ensure the accuracy of the information contained herein. While there is no reason to doubt it's accuracy, guarantee cannot be assured. The content is intended as advice, and such as cannot be taken as absolute fact. Any and all imagery displaying outlines, measurements or locations are approximate for marketing purposes only. Please refer to the title documents supplied. Accordingly, all interested parties should make their own enquiries to verify this information.
Property ID: #L19493029
