19 Elphinstone Road, Mount Stuart TAS

Down the laneway, which has access to McTavish Avenue, are 2 bedsits with a weekly rental of $170 per week each. This pays a mortgage of $300,000 at today's interest rates. The bedsits are always popular and are separated from the house by a carport and there's no need for the tenants to access the yard.

The 4 bedroom home has an eat-in kitchen, separate dining, a lounge with parquetry flooring and a small family room warmed by a heat pump. The children will love the attic bedrooms with their fun angles. The main bedroom has a parent's retreat where you can read and enjoy the city views and river glimpses as well. There's a huge deck for games or entertaining.

Located less than a kilometre from North Hobart's dining and every bus heading north suits you. The home is freshly painted with new carpet and delightfully presented. It's rare for you to be able to afford such a home in a ripper location, so make this a must see.