3 Lime Road, Lutana TAS 7009

Currently returning $500 per week with a lease secured until October 2025, this well-maintained 1950s home presents a compelling investment opportunity in the high-demand suburb of Lutana. Offering a potential gross yield of approximately 4.26% and reliable tenants already in place, it is an ideal option for investors seeking a low-fuss, income-generating asset with excellent future growth prospects.

Positioned on a gently elevated block, the property enjoys stunning views of kunanyi/Mount Wellington from its open-plan kitchen and dining zone, while a spacious living room with pellet heater ensures year-round comfort. A balcony off the dining area extends to a generously sized backyard, ideal for future landscaping or outdoor enhancements.

The home comprises three bedrooms (one ideal as a study or work-from-home space), plus a central combined bathroom and laundry. Additional features include a private backyard retreat with under-house storage, two garden sheds, off-street parking, and a carport. The low-maintenance cladding adds long-term appeal.

Located just 10 minutes from Hobart CBD and a stone's throw from Moonah's thriving café and retail strip, this address offers convenience, strong rental appeal, and potential for capital improvement over time. Whether you are expanding your portfolio or entering the market with a solid performer, this is a smart addition with reliable returns and future upside.