A smart investment today with room for tomorrow

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5 Olive Grove, Lenah Valley TAS 7008

Offers Over $860,000

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$860k - $903k Transparent Transparent Listing Based on an openly advertised listing price.

House 4 Beds 2 Baths 2 Cars 1264 m² 145 m²

Listed: 37 days ago

Updated: 17 hours ago

Overview

Situated in a tranquil no-through road in Lenah Valley, this spacious two-storey house offers a compelling blend of investment potential and family-friendly living. Built in 2009, the home occupies a generous 1,264sqm block that provides significant privacy and a versatile outdoor environment with possibilities for terraced gardens, fruit trees, or customized entertaining areas.

The residence features four bedrooms and two bathrooms, designed with modern family needs in mind. The master suite benefits from a walk-in robe, ensuite, and direct access to the deck, which facilitates a private indoor-outdoor connection. The open-plan living zone, encompassing kitchen, dining, and living spaces, acts as the heart of the home and seamlessly opens out to an expansive deck ideal for both casual family activities and hosting guests.

Particularly advantageous for families with teenagers, the home's two-storey layout allows for meaningful separation and personal space, supporting independent lifestyles. For investors, the property presents an immediate income opportunity with a current lease yielding $800 weekly until May 2027, ensuring a reliable return while allowing future flexibility.

Practical comforts include reverse-cycle air conditioning, electric panel heaters, solar panels, and NBN connectivity, underlining the home's energy efficiency and convenience. The two off-street parking spaces add further daily functionality.

The outlook embraces the dramatic Organ Pipes of kunanyi/Mount Wellington and surrounding rolling hills, offering a sense of tranquility and expansive natural beauty. Close proximity to local amenities like cafes, shops, and Calvary Hospital enhances the appeal by combining peaceful living with accessibility.

This property is well suited to investors seeking stable rental returns and families desiring space, privacy, and a home that supports evolving lifestyle needs.

Local Market Insights

In Lenah Valley, Quiet Listings observed 12 new houses entering the market over the last 30 days, up from 7 during the previous 30-day period, with an average advertised asking price of $884,083. The property type mix of listed properties is predominantly Houses at 48%, followed by units (16%), and land (16%). The most active agency for houses in the Lenah Valley area is currently Petrusma Property – Sandy Bay, representing 33% of new listings, followed by EIS Property 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.