1/1 Stapleton Street

Glenorchy TAS 7010

Just a small refurbishment of the basement space will go a long way and would become a highly practicle zone including a blocked off pit which could also come in quite handy.

The home would suit an investor wanting to secure a solid low maintenance home close to Hobart with a healthy yield and long term growth prospects, or first home buyer or donwsizer looking for a character, low mainenance/minimal yard home in a great street with plenty of space inside and for their hobbies that the basement provides. Properties in this price band are rare to find with the amount of useable space on offer.

You can't ignore the beautuful hard wood Tas Oak floor boards that flow right through this 1960's character home and being build with a hard wood frame you can be confident the home will be around for a long time! The bedrooms are spacious and the home is light filled featuring an open plan kitchen/dining/living area as well as a deck, charming fireplace and a reverse cycle heater/air conditioner.

With a current median house price of $552,500 (Sep 23 - Aug 24 realestate.com.au) and reduced days on market in the current market, further property growth awaits and this unique opportunity would make for a great long term hold.

Presenting a fantastic opportunity for a donwsizer (pensioner donwsizing concessions have been extended under the new government bill); first home buyer (no stamp duty applicable for purchases to $750,000 made from 18/2/2024 after the government bill passed on 11/6/24!) or investor, you won't find a property like this in the current market so close to Hobart.

About Glenorchy
Situated within 5 minutes to Northgate Shopping Centre, and 10-15 minutes to the Hobart CBD, this property enjoys close proximity to numerous schools and amenities. It presents an appealing opportunity for first-time homebuyers and those seeking to start or diversify their property portfolio.

About Hobart:
With over $28 billion worth of infrastructure projects in the pipeline over the next decade in Tasmania, plus many other projects, Hobart remains a solid city to be investing in. Tasmania is known for its pro-environmental stance, and in 2020 achieved 100% renewable energy status thanks to a combination of hydroelectricity, wind, and solar energy sources.

The information contained herein has been supplied to us and we have no reason to doubt its accuracy, however, cannot guarantee it. Accordingly, all interested parties should make their own enquiries to verify this information.