Ready for transformation, this elevated Lutana home offers water views, land, and genuine upside a rare blank canvas in one of Hobart's most tightly held inner suburbs and desirable streets. 88 Ashbolt Crescent is a rare opportunity to secure a project-ready home in an outstanding location, with water views, land, and long-term upside firmly on its side.
Purposefully stripped back and presented in its raw, honest form, the home has been prepared for buyers who want clarity not cosmetic cover-ups. Carpets, window furnishings and dated finishes have been removed to reveal a clean slate, allowing the structure, layout and outlook to take centre stage. The result is a property that invites imagination and rewards vision.
Built in 1953 and set on a 557 m² General Residential allotment, the home enjoys an elevated position with outlooks across the Derwent River and over the nearby golf course a rare combination that adds both lifestyle appeal and future value. This quiet pocket of Lutana is tightly held, prized for its outlook, established streetscape, and proximity to Moonah, quality schools and the Hobart CBD, which is less than ten minutes away.
The existing footprint offers approximately 116 m² of internal living, comprising three bedrooms, central bathroom and practical living spaces. The fundamentals are solid, providing an excellent foundation for renovation, reconfiguration or extension (STCA). Whether the vision is to modernise and re-lease, create a contemporary family home, or design a long-term owner-occupied residence, the upside here is clear and achievable.
Homes offered in this condition stripped back, well located, and genuinely ready for transformation are increasingly hard to find. For first-home buyers looking to add value over time, renovators seeking their next rewarding project, or investors searching for a well-positioned asset with growth potential, this is an opportunity that stands apart from the usual "needs work" listings.
What sets 88 Ashbolt Crescent apart is not what has been done but what is possible. A clean canvas, a premium outlook, and a suburb that continues to outperform...
A building inspection report is available for purchase from Peter Genders - peter@fbitas.com.au.
Heating: Reverse Cycle Air conditioner
Year built: 1953
Council rates: $1950 pa approx.
Fixed water rates: $1000 pa approx.
Rental estimate: per week $ $550.00 to $595.00 (subject to maintenance being completed and tenant ready).
