40 Paringa Road, Glenorchy TAS 7010

An inner-city gem with a rural feel, this property is located at the end of a quiet cul-de-sac and occupies a significant land holding of 943m2 with close proximity to the Hobart CBD, Glenorchy shopping district & amenities, schools, public transport & council offices.

A neat floor plan with recently upgraded kitchen, bathroom, and other aesthetics throughout and featuring a cosy wood-heater, this property provides a buyer with the option to move in immediately or cater for the needs of a tenant should you be looking as an investor. The property has been appraised with a current rental income of $550-$575 per week.

Currently, the spacious backyard has catered for a young family, although the generous allotment does lend itself to savvy investors and builders alike looking for a development opportunity with the ability to add additional dwellings at the rear (STCA).

This property really does present an attractive opportunity to a wide array of potential purchasers - families, downsizers, investors or builders looking to exhaust a strata title or subdivision development. All whilst in a suburb that has seen consistent growth over a long period of time with no signs of social, residential and commercial development slowing.

An opportunity not to scroll past. We welcome your enquiry and would love to take you through.