42 Parua Road, Newnham TAS 7248

This solid three-bedroom brick home offers an opportunity for investors to increase their portfolio, with a lease in place until 13 February 2027 and a current rental income of $460 per week. Conveniently located close to the University of Tasmania (Newnham Campus), the Australian Maritime College, local shopping, food and public transport, this property is well positioned in an established residential area. The home offers three bedrooms, including a master with a built-in robe, an open-plan living area with new carpet and a brand-new heat pump for year-round comfort. The bathroom features a separate shower and bath, while the property also includes a single lock-up garage with additional off-street parking. Property Features • Three bedrooms • Master bedroom with built-in robe • Open-plan living • New carpet in the lounge • Brand-new heat pump • Bathroom with separate shower and bath • Single lock-up garage • Additional off-street parking • Close to the University of Tasmania (Newnham Campus), Australian Maritime College, local shopping and public transport Details: Lease until 13 February 2027 Currently returning $460 per week Market rental appraisal between $460 to $520 Rates Approx $1500 per annum Fixed Water Charges Approx $300 per quarter VIDEO WALKTHROUGH AVAILABLE 22/7/26 Private inspections by appointment only for qualified buyers. *Peter Lees Real Estate has used a variety of sources to obtain information relating to this property. We believe all are reliable sources and have no reason to doubt the accuracy of the information, however we cannot guarantee it. Prospective purchasers are advised to make their own enquiries. ** Peter Lees Real Estate complies with all applicable requirements under the AML/CTF legislation. ***Boundary lines are indicative only.