3/461 Nelson Road

Mount Nelson TAS 7007

59 m²

252 m²

Unit

Currently for sale - view listing

Overview

Strong Investment Offering in a Highly Sought After Suburb with Dependable Yield and Future Upside

Positioned in the ever popular suburb of Mount Nelson, this well maintained two bedroom unit presents an appealing opportunity for investors seeking immediate rental income in a tightly held location. Built in 1974 and set on approximately 252 sqm of land, the property features solid brick veneer construction with a tiled roof, offering a low maintenance investment in a suburb well regarded for its natural surrounds and convenient access to Hobart. Inside, the home provides two comfortable bedrooms serviced by a central bathroom and a practical layout suited to easy living. The living areas are light filled and welcoming, while outside you will find a private fully fenced backyard complete with a patio area that provides a pleasant space for outdoor relaxation or entertaining. An allocated car space is included, and the property forms part of a small strata complex with no active body corporate, helping keep ongoing ownership straightforward. Currently leased at $425 per week until 5 January 2027, the property offers immediate income from a long term tenancy. While the tenants have been offered the option to vacate earlier without penalty should they wish, they retain the right to remain for the full term of the lease, providing certainty for both tenant and investor. Due to the long standing tenancy, the current rent sits slightly below some recent comparable listings in the area. With similar units currently advertised around the mid $400 per week range, there may be potential for rental adjustment in the future as the tenancy changes and market conditions evolve. Mount Nelson continues to be a highly desirable residential pocket of Hobart. Valued for its leafy surrounds and proximity to the University of Tasmania, Sandy Bay, local shops and the Hobart CBD, the area consistently attracts strong tenant demand. Whether you are looking to secure a long term investment or purchase in a sought after suburb with future potential, this property represents a smart opportunity. Key Information • Built in 1974 • Approximately 252 sqm of land • Brick veneer construction with tiled roof • Two bedrooms with practical layout • Private fully fenced backyard with patio area • Allocated off street car space • Currently leased at $425 per week until 5 January 2027 • Tenants may vacate earlier without penalty but retain the right to remain for the full lease term • Council rates approximately $1,650 per annum • Water approximately $409 per quarter • Strata title with no active body corporate 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.