Currently leased at $450 per week to reliable tenants who wish to remain, this New Norfolk investment in a low-vacancy pocket offers immediate income and clear value-add potential (STCA).
North-facing with Derwent River views, the flexible layout includes three bedrooms plus a generous ground-floor rumpus that can serve as a fourth bedroom or workshop. A sunny living room with a wood fire opens to a balcony capturing sweeping river outlooks; the kitchen/dining also connects to the balcony. The adjacent walk-in pantry neatly doubles as a compact home office.
Hydronic gas heating with radiators in every room ensures comfort. Set on a large allotment with extensive under-house storage.
• Built in 1957
• $450 per week rent; excellent tenants in place
• Council rates $1600 approximately per annum
• Water rates $1500 approximately per annum
• Hardwood timbre floorboards throughout
• Hydronic gas heating throughout and wood fire heater
• Generous, north-facing balcony with Derwent River outlook
• Large 779m2 block with value-add potential (STCA)
New Norfolk is the Derwent Valley's riverside hub with heritage streetscapes, antique stores, cafés, and regular produce markets. New Norfolk offers a lower entry price than Hobart with steady rental demand and a broad tenant base (families, local workers, tree-changers). Predominantly mid-century homes on large blocks create clear value-add angles for investors, with everyday amenities (supermarkets, schools, cafés) and the River Derwent setting plus an easy Hobart commute support consistent occupancy and solid returns.
