12
Watkins
Avenue
west hobart
TAS,
7000
SOLD
Sold for $1,200,000
4
3
9
Property: 232 sqm
Land: 1159 sqm
I've Found the Needle in the Haystack.
Set on 1159sqm of land with two titles, so close to town, enjoying elevated views across the city, this authentic 1950's inner-city property was purposely built to not only accommodate its owner but to also provide two other purposely built one-bedroom apartments to provide lodging for those needing to rent in the area. The property is in very sound condition still retaining all the character features and hallmarks of its vintage. It hosts good tenants who have resided here for several years.
The property avails itself of the potential to subdivide with an opportunity existing to free up 600-700sqm for development (STCA). The possibility of making a boundary adjustment/variation between the existing Titles creates an even more realistic chance to utilise this vacant space.
Here lies an opportunity for the astute investor/developer to acquire one of the few remaining inner city properties which not only provides a sound investment income but also the chance to un-tap 600-700sqm of developable land. A find like this could be compared to locating that elusive needle in your haystack.
The icing on the cake is that the property is within a comfortable walk of the CBD and North Hobart's restaurant strip.
Inspection by appointment only.
Agents
Nearby Schools
About west hobart
median house price
910000median house rent
600suburb rental yield
3.4%Source: Suburb Flyover Report Series, APM Pricefinder. PRD does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the Information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRD will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material. Prepared by PRD Research © All medians and volumes are calculated by PRD Research. Use with written permission only. All other responsibilities disclaimed.
