3 Downie Circle

New Norfolk TAS 7140

103 sq.

1095 m²

House

Currently for sale - view listing

Overview

New Norfolk - Big Block. Strong Rent. Real Upside.

Ant's "Fluff-Free" Description... Let's not overcomplicate this. This is a 3 bedroom home on a massive 1,095m2 block in General Residential zoning. That alone should have investors and developers paying attention. Currently leased. Cashflowing. Positioned in a quiet cul-de-sac. And sitting on land that actually gives you options. You are not just buying a house here. You are buying: * 1,095m2 of land * General Residential zoning * A proven rental * A development conversation STCA The home itself: * 3 bedrooms - all with built ins * Bathroom with separate bath and shower * Functional kitchen and dining zone * Separate living room * Covered entertaining area * Large rear deck approx 12m long * Garage plus carport * Additional shedding * Fully fenced yard * Built in 1977. Solid. Practical. Livable. But the real conversation is the block. * 1,095m2 in a residential zone is not common in this price bracket. * Subdivision potential STCA. * Secondary dwelling potential STCA. * Long term hold and land bank. Investors - the property is currently leased at $500 per week with great Tenants in place. New Norfolk median house values continue to trend upward and rental demand remains consistent. Developers - do your due diligence, but the land size and zoning combination makes this one worth running numbers on. This is not an emotional buy. It is a numbers buy. Onwards and upwards to your New Norfolk investment beauty! "I Work Harder - It's THAT Simple!" Disclaimer: 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.