This solid 1955 weatherboard home presents a straightforward investment opportunity in Mayfield, offering reliable rental appeal and scope to add value over time. Well maintained and improved where it counts, the property is currently leased to a long-term tenant who would be happy to stay on. With a practical layout, private yard and strong utility spaces, it's a sensible option for investors seeking steady returns with future upside.
Key Features:
• 1955 weatherboard three-bedroom home
• Long-term tenant on a 12-month lease who would love to stay
• Ideal investment with clear scope to value add
• Three bedrooms all with built-in wardrobes
• Updated kitchen
• Open plan kitchen and family room
• Reverse cycle air conditioner
• New Colorbond roof and gutters
• Private backyard with established gardens and trees
• Garage, carport, workshop or home gym or mancave space
• Off-street parking available
• Close to IGA Newnham
• Approximately 5 minutes' drive to shops, supermarkets, eateries and services in Mowbray
• Close to TAFE College, University and Australian Maritime College
• Around 12 minutes to Launceston CBD
Proven results - backed by experience - contact Jeremy Wilkinson and Neil Hawkins.
Rental return: $360 pw (Lease end March 2027)
Current rental appraisal: Up to $450 pw in current condition and with new carpet $480 pw
House size: 104 sqm
Garage/workshop size: 79 sqm
Carport size: 25 sqm
Land size: 557 sqm
Built: 1955
Council rates: $1,154 pa
Zoning: General Residential
Council: Launceston
**Harcourts Launceston has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate**
Property ID: #L39221310
