Positioned in a convenient pocket of Gagebrook, 19 Sattler Street presents a solid 1980s brick home offering strong potential and immediate appeal for investors.
Already tenanted, the property provides the benefit of a steady rental income stream from settlement, making it a practical addition to any investment portfolio. In mostly original yet well-maintained condition, the home also offers future scope to renovate, improve value, and potentially increase returns over time.
Inside, the property features beautiful timber floorboards throughout, three well-sized bedrooms, and a light-filled living area complete with both a woodfire and heat pump. The kitchen and dining area enjoy a pleasant hillside outlook, while the bathroom has already had thoughtful accessibility upgrades.
Set on a generous block with multiple fenced yard areas, a 6x6m shed, and a timber deck ideal for outdoor entertaining, there is plenty of space for tenants to enjoy now, with room to enhance further in the future.
Conveniently located close to local shops, schools, parks, and public transport, and only around 30 minutes from Hobart CBD, this is a solid investment opportunity with income from day one and plenty of upside for the future.
Rental Appraisal: $460.00-$490.00 per week
Current Rent: $450 per week
Lease Expiry Date: 23/2/2027
Council rate: $1750 approximately PA
Water: $800 approximately PA
