FOR SALE
Offers Above $940,000

4 Hodgman Street
Burnie TAS 7320

Bedrooms: 9
Bathrooms: 4
Car spaces: 7
Land area: 2810m2
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INCOME PRODUCING INVESTMENT OPPORTUNITY

Nestled just a short stroll from Burnie's bustling CBD, this rare and secluded property combines timeless character with modern amenities. It is surrounded by lush, established gardens that frame stunning views of the city and ocean.
Built-in 1938 in the Tudor Revival style, this elegant residence exudes the architectural charm inspired by the golden age of Hollywood. The influence of 1930s cinema is evident in the home's storybook details and romantic design, evoking a sense of timeless sophistication and glamour.
Investors, Take Note of These Attractive Features:
Strong Income Potential: Currently returning $1,200, this property is already delivering a substantial 6.3% yield.
Multiple Investment Strategies: Choose to maximise your return with these flexible options:
- Rent the home and all apartments individually for maximum income.
- Live in the charming Tudor Revival main residence and let the apartments generate passive income through long-term tenancies or popular short-term rentals like Airbnb.
Alternatively, utilise the apartments to accommodate extended family members or establish a multi-generational living arrangement.
Property Highlights:
Stately 5-Bedroom Tudor Revival Home: This beautiful home is rich in period features like leadlight windows, high timber beams, and a picturesque façade reminiscent of classic Hollywood glamour. It is currently leased at $400 per week.
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Property Details for 4 Hodgman St, Burnie

4 Hodgman St, Burnie is a 9 bedroom, 4 bathroom House with 7 parking spaces. The property has a land size of 2810m2. The place is currently for sale with Elders Real Estate Burnie.

Building Type
House
Land Size
2810m2

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About Burnie 7320

The size of Burnie is approximately 1.4 square kilometres. It has 3 parks covering nearly 7.6% of total area. The population of Burnie in 2011 was 696 people. By 2016 the population was 616 showing a population decline of 11.5% in the area during that time. The predominant age group in Burnie is 60-69 years. Households in Burnie are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Burnie work in a professional occupation. In 2011, 43.8% of the homes in Burnie were owner-occupied compared with 46.3% in 2016.

Burnie has 867 properties. Over the last 5 years, Houses in Burnie have seen a 80.04% increase in median value, while Units have seen a 64.00% increase. As at 31 October 2024:

  • The median value for Houses in Burnie is $455,105 while the median value for Units is $341,956.
  • Houses have a median rent of $370 while Units have a median rent of $278.
There are currently 13 properties listed for sale, and no properties listed for rent in Burnie on OnTheHouse. According to CoreLogic's data, 30 properties were sold in the past 12 months in Burnie.

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Jo Walker
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Ellie Walker
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Elders Real Estate Burnie
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