Positioned in one of Hobart's most tightly held and high-demand locations, this one-bedroom unit at 1/137 King Street, Sandy Bay presents a compelling opportunity for investors seeking strong fundamentals and location-driven performance.
Built in 1995, the property offers a practical open-plan kitchen and living area, a layout that consistently appeals to tenants and supports reliable rental demand. The spacious bedroom includes a built-in wardrobe, maximising storage and functionality, while the combined bathroom/laundry is efficiently designed with a shower-bath, vanity, toilet, and allocated laundry space.
A key investment advantage is the off-street parking and excellent public transport access, with a bus stop directly across the road-features that broaden tenant appeal and reduce vacancy risk.
The real strength of this property lies in its exceptional Sandy Bay location. Just minutes from Hobart's CBD, the unit is surrounded by major lifestyle and economic drivers including prestigious schools, the University of Tasmania precinct, Sandy Bay's retail and café strip. Thus proximity underpins consistent tenant demand and long-term capital growth potential.
Set in a quiet complex within a blue-chip suburb, the property is ideally suited to investors seeking a low-maintainance asset in a proven growth corridor, with strong appeal to professionals, students, and downsizes alike.
Rental Appraisal: Approx. $400 per week (5.26% Gross rental yield)
Council Rates: Approx. $406 per quarter
Water Rates: Approx. $265 per quarter
Body Corporate: Approx. $491 per quarter
