Ideal investment opportunity in Clarendon Vale

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99 Mockridge Road, Clarendon Vale TAS 7019

$545,000+

Search Band Search Visibility Band

$540k - $594k High Confidence Calculated based on strong search observations.

House 3 Beds 1 Bath 2 Cars 684 m² 103 m²

Listed: yesterday

Overview

Situated in Clarendon Vale within the Hobart region, this established home delivers an attractive investment opportunity with a reliable rental income in place until 2027. Its practical design and manageable floor area of 103 square metres provide functional living suited to a broad tenant base, including small families or professionals seeking comfort and convenience.

The property occupies a land parcel of approximately 684 square metres, offering ample external space for outdoor activities or potential improvements, enhancing tenant appeal. Two off-street parking spaces add value by facilitating hassle-free vehicle accommodation, a practical benefit in suburban locations.

Currently leased at $450 weekly, the home guarantees an immediate return, making it a sound choice for investors looking to expand their portfolio easily in a stable market. Its three bedrooms and single bathroom layout meet essential living requirements without complexity, ensuring ease of maintenance and appeal.

This home is best suited for investors prioritizing steady income streams and a property with minimal immediate refurbishment needs. The location within Clarendon Vale enhances accessibility to local amenities, supporting tenant demand and long-term asset viability.

Local Market Insights

In Clarendon Vale, Quiet Listings observed 10 new houses entering the market over the last 30 days, up from 2 during the previous 30-day period, with an average advertised asking price of $689,000. The property type mix of listed properties is predominantly Houses at 77%, followed by units (15%), and land (8%). The most active agency for houses in the Clarendon Vale area is currently Petrusma Property – Sandy Bay, representing 40% of new listings. 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.