53 George Town Road, Newnham offers investors a well-established share house spanning two separate dwellings on one title, with all six bedrooms currently tenanted individually. The main residence comprises three bedrooms, each with the convenience of its own private ensuite, while a self-contained unit at the rear adds a further three bedrooms, also each with private ensuite facilities. Each dwelling features its own open-plan living and kitchen area, along with a separate laundry in both the main house and the rear unit, giving tenants comfortable, self-contained living spaces within the shared arrangement.
The main house has been recently renovated including new plumbing and electrical, new roof and a freshly built deck, whilst the unit offers a newer, low-maintenance addition that requires minimal upkeep and holds strong appeal to tenants seeking modern facilities. Solar panels are installed at the property, helping to offset running costs.
The layout of two distinct dwellings on the one title also gives investors flexibility down the track, whether that's continuing the current share house model, or exploring strata or subdivision potential (S.T.C.A).
Outside, the property offers ample onsite parking to comfortably accommodate multiple vehicles, along with convenient side access, both practical features that are consistently valued by share-house tenants and help support ongoing occupancy.
• 6 Bedrooms, each individually tenanted (3 in main house, 3 in rear unit)
• 6 Ensuites (one with each bedroom)
• Two separate dwellings on one title, each with own open-plan living/kitchen and separate laundry
• Solar power
• Ample onsite parking with side access
Positioned within easy reach of The Maritime College, TAFE, and the East Tamar Primary School, and just minutes' drive from the New Sporting Hub and Mowbray Shopping Centre, the location benefits from consistent and ongoing demand from students seeking share accommodation, with the added convenience of a 15-minute commute to the Launceston CBD.
For investors seeking a share house property with income spread across multiple tenancies and genuine flexibility for the future, this property is well worth consideration.
Council Rates approx. $2900 p.a.
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