An investment opportunity with options for today and potential for tomorrow!

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23 Cleburne Street, Kingston TAS 7050

Offers Over $785,000

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$785k - $824k Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 10 Cars 1100 m² 97 m²

Listed: 13 minutes ago

Overview

Positioned at the quiet end of a cul-de-sac, this generous 1,100 square metre property offers a unique and compelling opportunity for investors, developers, and homebuyers alike.

The current residence is a neat and tidy three-bedroom home with an open-plan living and dining area that features comfortable year-round climate control through a wood heater and reverse-cycle air conditioning. The bathroom is designed for practicality with both a separate shower and bathtub, complemented by separate toilet and laundry areas.

Outside, a substantial shed and concrete patio enhance the property’s functionality, providing ample space for storage, vehicles, and outdoor entertaining. The property's north-facing position further adds appeal, maximizing natural light throughout the day.

What sets this property apart is the approved development opportunity to add two additional villas, each comprising two bedrooms and two bathrooms. This existing approval streamlines the potential for subdivision or development, allowing a new owner to capitalize on the property's full potential. Meanwhile, the current home secures an immediate rental income until March 2027, offering financial return during any development planning phase.

The location is equally attractive; close proximity to schools, public transport, a major supermarket, and local shops ensures convenience for residents, making it suitable for first-home buyers seeking future growth, investors hunting for rental yields, or developers ready to undertake a new project.

Spacious land size with development approval for additional villas
Immediate rental income secured until early 2027
Comfortable living spaces equipped with heating and cooling
Functional bathroom and utility layouts with separate laundry and toilet
Outdoor features including a large shed and patio area
Located in an established, quiet neighbourhood with easy access to amenities

This property provides a versatile investment or homeownership option with clear pathways to maximize its value and functionality.

Local Market Insights

In Kingston, Quiet Listings observed 15 new houses entering the market over the last 30 days, down from 17 during the previous 30-day period, with an average advertised asking price of $939,067. The property type mix of listed properties is predominantly Houses at 65%, followed by units (17%), and villas (17%). The most active agency for houses in the Kingston area is currently Harcourts, representing 40% of new listings, followed by Elders Real Estate with 20%. 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.