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Overview
Set on an expansive 822 square meter block, this renovated brick home in Shorewell Park offers a unique blend of comfortable, low-maintenance living and excellent investment potential. Featuring three bedrooms and a bathroom with an additional separate toilet, this residence provides a practical layout for tenants or owners alike.
Much of the essential work has been recently completed, presenting a solid foundation for those seeking a turnkey investment or a property with room to enhance. The current tenancy until May 2027, coupled with an approximate 4.7% rental return and a dependable long-term tenant, offers immediate financial benefits with security and peace of mind.
Where this property truly shines is in its outdoor expanses. The generous land offers notable flexibility, allowing for future subdivision prospects subject to council approval (STCA), or ample space to add improvements such as a shed, further increasing functionality and appeal. For those with vision, the plot's possibilities extend beyond the existing structure.
Additional features like air conditioning, built-in robes, internal laundry, pet-friendly policies, secure parking, and reverse cycle heating speak to comfort and convenience. The fully fenced yard enhances privacy and security, ideal for families or pet owners.
Located within easy reach of local schools, shops, and everyday amenities, this property combines the advantages of a quiet suburban setting with accessibility. It promises appeal to investors prioritizing both immediate income and long-term value growth through potential enhancements on a spacious land parcel.
Local Market Insights
In Shorewell Park, Quiet Listings observed 33 new houses entering the market over the last 30 days, up from 17 during the previous 30-day period, with an average advertised asking price of $544,091. The property type mix of listed properties is predominantly Houses at 83%, followed by units (13%), and land (5%). The most active agency for houses in the Shorewell Park area is currently Harcourts, representing 48% of new listings, followed by One Agency with 33%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Market Insights for Shorewell Park TAS 7320
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