19 Waterworks Road, Dynnyrne TAS 7005

Situated in popular Dynnyrne, this 3 bedroom brick dwelling provides the opportunity to enter into one of Hobart's most in demand and well performing suburbs with limitless upside for renovation and value add.

Within walking distance to the UTAS Sandy Bay campus and a short trip to the Hobart CBD and Salamanca waterfront precinct, the location is one of high demand for investors or owner occupiers at all stages of life.

The current floorplan has 3 bedrooms and separate living, kitchen and bathroom which all require some attention. The land plot, set on 468 sqm with gradual slope, provides scope for modern extension at the rear which would capture views of the mountain and all day natural sunlight.

Dynnyrne has been one of the Hobart municipality's strongest performing growth areas with REIT suburb stats recording house prices rising 19.6% over the past 12 months and 42.7% from 2 years prior. Along with strong growth, the average days on market for 2019 was 9 days, indicating strong demand for properties within the suburb. With a median house price in 2018 of $837,000, this will give prospective buyers confidence with this opportunity to purchase and restore without over-capitalising.

Properties of this nature and price point are rare across the Hobart market and in particular within the suburb and presents a fantastic opportunity for the astute investor or owner occupier looking to cement a holding within a strong location moving forward.

Call your builder and/or architect and book an inspection swiftly to view and secure an amazing opportunity.

* Entry level into blue chip suburb
* Opportunity to value ad
* Fantastic short or long term investment
* Close proximity to CBD, UTAS and all services