A solid investment with plenty to offer -convenient central Devonport location

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113 Parker Street, Devonport TAS 7310

Offers Over $589,000

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$589k - $618k Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 2 Cars 688 m² 140 m²

Listed: 2 days ago

Overview

This well-maintained three-bedroom home is situated in the heart of Devonport, offering a practical and inviting living space ideal for investors seeking a steady income with potential capital growth. Positioned on a generous and flat 688 square meter block, it features a thoughtfully updated kitchen equipped with modern appliances, alongside contemporary bathroom fittings, enhancing functionality and convenience.

The property benefits from a heat pump, providing reliable climate control that ensures comfort throughout the year. Several windows have been updated, improving natural light and contributing to the home's efficient ventilation and aesthetics.

Comfortable and adaptable layout accommodating three bedrooms and one bathroom.
Spacious land parcel of 688m², offering potential for landscaping or future enhancements.
Ample parking with a garage space plus an additional off-street parking spot.
Established tenancy arrangement with tenants maintaining the home's condition and gardens attentively.
Lease in place until April 2027, securing ongoing rental income.

The home's proximity to central Devonport amenities enhances its appeal, providing residents and tenants easy access to essential services and local conveniences. The combination of secure rental income, potential to add value, and a sought-after location makes this property a compelling choice for investors looking for long-term stability and growth opportunities in Tasmania's property market.

Local Market Insights

In Devonport, Quiet Listings observed 59 new houses entering the market over the last 30 days, up from 26 during the previous 30-day period, with an average advertised asking price of $710,729. The property type mix of listed properties is predominantly Houses at 71%, followed by units (11%), and land (10%). The most active agency for houses in the Devonport area is currently Halliwell Property Agents, representing 29% of new listings, followed by Harcourts with 17%. 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.