425 Elizabeth Street, North Hobart, TAS, 7000

SoldApr 2, 2026

425 Elizabeth Street, North Hobart, TAS, 7000

$985,000

151 m²

659 m²

House

•

30+ days on the market

Sold: Apr 2, 2026

What's around 425 Elizabeth Street

Where Timeless Architecture Meets Turn-Key Income

425 Elizabeth Street is a beautifully preserved 1944 Federation Bungalow, offering a rare blend of timeless character and high-performing investment potential. Now smartly converted into three self-contained units, this unique property delivers an impressive combined weekly rental of $1,080, with three quality tenants already in place. That equates to a turn-key investment returning over 5.5% per annum, an exceptional return for a tightly held blue-chip Hobart location with excellent long-term capital growth potential. Uniquely, the property also offers the flexibility for an owner-occupier to live in one unit while the remaining two provide a reliable income stream right in your own backyard! Beyond the numbers, the building's classic Federation detailing and generous proportions create strong long-term tenant appeal and excellent future resale flexibility, whether held as a high-yielding asset or repositioned down the track. Perfectly located just minutes from the Hobart CBD and the vibrant North Hobart restaurant and café strip, with easy accesses to public transport. The property enjoys constant rental demand driven by lifestyle convenience, walkability and proximity to key employment hubs. A rare opportunity to secure character, cashflow and capital growth in one of Hobart's most reliable investment corridors.