NEST OR INVEST
This charming 1970s weatherboard on a large corner allotment is a terrific first home or rental property.
The property features a large and comfortable living space, a large main bedroom with robe, plus a versatile utility area with genuine potential to add value.
Two driveways permit parking for several vehicles and the property features and established lovely garden and all-day sun.
Presenting a fantastic opportunity for a downsizer (pensioner downsizing concessions have been extended under the new government bill); first home buyer (no stamp duty applicable for purchases to $750,000 with just 5% deposit, or investor, you won’t find a property like this in the current market so close to Hobart.
About Glenorchy: Situated within 5 minutes to Northgate Shopping Centre, and 10-15 minutes to the Hobart CBD, this property enjoys close proximity to numerous schools and amenities. It presents an appealing opportunity for first-time homebuyers and those seeking to start or diversify their property portfolio. Glenorchy is a current hot spot in Hobart and has experience 5.5% growth over the last 12 months (Nov 24-Oct 25).
About Hobart: Tasmania’s infrastructure pipeline over the next 10 years will surpass $30 billion, providing the workforce with certainty for years to come, and currently benefiting from Australia’s lowest unemployment rate. The latest Tasmanian 10-year Infrastructure Pipeline shows a steady stream of work – ensuring continued economic growth, plus many other high value projects committed too including the $500m restaurant and entertainment precinct at nearby Berriedale alongside My State Arena and the Macquarie Point approx. $1b multi-purpose roofed stadium which is likely to be the highest value southern Tasmanian infrastructure project in history.
Tasmania is known for its pro-environmental stance, and in 2020 achieved 100% renewable energy status thanks to a combination of hydroelectricity, wind, and solar energy sources.
– Affordable home or investment property – Excellent scope for improvement – Versatile utility room adjoining house – Corner block with dual access for cars – Tenanted until the 19/3/26 for $390 per week
Built: 1971 Construction: Weatherboard Council Rates: Approx. $1964 pa Water Rates: Approx. $1224 pa Approx. rent return for $520-$550 per week
Petrusma Property has obtained the information on this property from what we believe are reliable sources and have no reason to doubt its accuracy however we cannot guarantee its exactness. Prospective Purchasers and the current Vendor(s) are advised to execute their own enquiries regarding the marketing material advertised or provided by Petrusma Property.
