40 Main Road

Off Market

40 Main Road

Sorell TAS 7172

103 m²

599 m²

House

Overview

Charming Three-Bedroom Property - Tenanted Investment | Approx. 5.75% Net Return + CPI Indexation

Offering an excellent opportunity for investors, this attractive and beautifully maintained weatherboard property is prominently positioned on Main Road in central Sorell. The property is currently occupied as office premises by an established tenant who has been in occupation since 2023. A new three-year lease commenced in June 2026, with two further one-year options providing the potential for tenancy through to 2031. The lease provides an indicative net return of approximately 5.75%, with CPI-linked rental increases over the lease term. The tenant is also responsible for significant property outgoings, including council rates, all water charges and land tax. Originally built in 1960, the house, garden and outbuildings were extensively improved in 2023. The house was rewired, repainted and refurbished, with polished timber floorboards through the kitchen, dining and living areas, new carpet in the bedrooms, retrofit double glazing, landscaping, and roof and gutter refurbishment. Its use as office premises since the improvements were completed has kept the property in excellent condition. The property offers three bedrooms, an open-plan kitchen, dining and living area, bathroom, separate toilet and sunroom. A reverse-cycle heat pump provides year-round heating and cooling, and there is comfortable off-street parking for three vehicles. The enclosed backyard is established and productive, with a variety of fruit trees, a vegetable-growing area and native plantings. Additional structures include a garage and storage area, garden shed, and a separate studio. Prominently located opposite Sorell School and within easy walking distance of shops, medical facilities and essential services, the property is well positioned in the heart of Sorell. Sorell is one of Tasmania's fastest-growing municipalities and an important retail and service centre for Tasmania's South East. Continued residential growth, including the planned Sorell East Growth Area, together with significant investment in the Hobart-Sorell highway connection, education and commercial infrastructure, supports the property's well-connected central location. Lease documentation and further property information are available to genuine prospective purchasers. Inspections are available by appointment with appropriate notice to the tenant. Some images have been digitally edited for tenant privacy. No structural features have been altered. For further information or to arrange an inspection, please contact us. The Phone Code for this property is: 75525. Please quote this number when phoning or texting. Disclaimer: Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner Pty Ltd (forsalebyowner.com.au) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.

Features

3 bedrooms

1 bathroom

1 carspace

103 m² floor area

599 m² lot size

House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Sorell over the last 12 months, the estimated median property value of 40 Main Road is $720k.

Median value

$720k

Estimated value range

$558.01k - $920k

Median days on market

Estimated value trend

13%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Sorell. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 40 Main Road

2026

Sold

Undisclosed

Private Sale/Treaty on 07 Oct 2026

Happy sellers in Sorell

95%

95% of sellers in Sorell reported that their sale price either exceeded or met their price expectations.

Sorell stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 24 reviews in Sorell over the last 12 months.

Local market activity for 3 bedroom houses in Sorell

In the last 12 months, 50 three-bedroom houses similar to 40 Main Road, have been sold.

This represents a 12% increase in three-bedroom houses sales when compared to the previous 12 months.

Sold

For Sale

For Rent

Interested in selling?

People are reaching out to these agents in Sorell for a free market appraisal.

Warren Stuart

at Raine & Horne Sorell

4.9

(35 reviews)

Get a free market appraisal

Vanessa Ward

at Harcourts Signature - Rosny Park

(55 reviews)

Get a free market appraisal

Danny Boon

at Raine & Horne Sorell

4.9

(139 reviews)

Get a free market appraisal

Kevin Spaulding

at PRD Hobart

4.9

(207 reviews)

Get a free market appraisal

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Sorell

Warren Stuart

Sellers who recommend Warren Stuart have praised them for being clear communication, local expert, supportive, reliable and honest

4.9 (35 reviews)
4 Reviews in Sorell
9 Sales in Sorell

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Vanessa Ward

Sellers who recommend Vanessa Ward have praised them for being clear communication, local expert, friendly, responsive, supportive, empathetic and easy to work with

5 (55 reviews)
4 Reviews in Sorell
5 Sales in Sorell

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Danny Boon

Sellers who recommend Danny Boon have praised them for being clear communication, local expert, friendly, responsive, honest, reliable and great negotiation