Tucked away in a quiet cul-de-sac enjoying peaceful views across the city this conventional 1960's weatherboard home invites your inspection. Currently divided into two flats it has the potential to develop into a loving family home.
Backing on to Providence Valley Reserve adds to the tranquility of the setting and the privacy of the area. Yet your just 5 minutes drive from either town or the North Hobart culinary strip. Mt Stuart Primary school is just a few hundred metres away and Hill Street grocer down round the corner.As an investment the numbers stack up. Achieving current rent of $690 per week, the property returns a gross yield of 4.2%. Unit 1's lease expires on 14 February 2022 while unit 2 finishes on 7th April 2022.
The property currently consists of 1 bed flat with a large living area, bedroom, small kitchen and combined laundry/bathroom/ toilet. Unit 2 occupies the full upstairs portion of the home. It is a spacious two bedroom flat with very large living area, kitchen (incorporating laundry) with adjoining dining, bathroom and toilet. The main bedroom could be described as a ballroom in size.
Whilst some work has been done to enable the property to be converted into two flats on the whole only minor renovation has been done to the property. This home is ripe for a makeover and the opportunity for an astute purchaser to make the changes needed could turn this into a loving home.
