Freshly re-leased at $385 per week, 31 Water Street offers an outstanding opportunity for investors, first home buyers, or downsizers seeking quality, comfort, and value in Tasmania's Central Highlands.
Gross Yield: ~$20,000 p.a. (5.7% return based on $350,000 purchase)
Rental Security: Recently re-leased with under two weeks' vacancy, highlighting strong demand
Low Maintenance: Contemporary finishes and compact design mean fewer upkeep costs
Proven Performance: Both this home and its rear counterpart have enjoyed excellent occupancy rates
This is a reliable, set-and-forget investment that delivers consistent income and attractive returns.
For first home buyers, this property provides the perfect affordable entry into the market without compromising on style or comfort. Downsizers will love the ease of a single-level, low-maintenance layout, paired with modern conveniences and a peaceful setting.
Two well-proportioned bedrooms ideal for couples or small families
Contemporary kitchen with modern appliances
Open-plan living designed for easy day-to-day living
Front deck to soak in the surrounding rural views
Generous block with creative potential at the rear fully fenced, private, and secure
Location Ouse, Central Highlands
Nestled in the heart of Ouse, this home offers both tranquility and convenience. The township provides essential services including a supermarket, hotel, and service station, while also serving as a gateway to Tasmania's lakes, rivers, and fishing destinations. A strong sense of community, stunning scenery, and clean country air complete the lifestyle picture.
Key Features
Modern, low-maintenance home
2 bedrooms, 1 bathroom
Large block, front & rear yards fully fenced
Deck with views, tidy gardens, outdoor potential
Solid rental history with immediate return
Ideal for investors, first home buyers, or downsizers
Whether you're looking to grow your portfolio, step onto the property ladder, or downsize with ease, 31 Water Street is a property that ticks every box. With strong rental returns, minimal upkeep, and a peaceful country lifestyle, this is an opportunity not to be missed.
Property information has been prepared with reasonable care using information available to Derwent Real Estate, including material supplied by the vendor and third parties. It is provided as a general guide and may require independent verification. Measurements, areas, distances, floor plans and illustrated boundaries are approximate. Any rental estimates or development potential are indicative only, are subject to relevant conditions and approvals, and are not guarantees.
Prospective purchasers should inspect the property, make their own enquiries and obtain independent legal, building, pest, planning and financial advice appropriate to their circumstances before entering into a contract. Sale inclusions and terms are governed by the contract. Nothing in this notice excludes rights or obligations that cannot lawfully be excluded.
