50 The Avenue, Ellendale TAS 7140

This character-filled Federation-style weatherboard home, estimated to be around 100 years old, is neat and tidy throughout and retains much of its original charm. While in largely original condition, it would benefit from some updates - such as installing new carpet or polishing the existing Tasmanian Oak floorboards, as the previous carpet has been removed.

The home features three generously sized bedrooms with high ceilings, and a spacious open-plan living and dining area. Comfort is assured year-round with both wood heating and a floor-mounted reverse cycle air conditioner. At the rear of the home is a sunroom and an additional multipurpose room, ideal as a fourth bedroom, study, or hobby space.

Set on its own fully fenced yard, the property also includes a separately fenced paddock and a recently constructed double garage.

The septic system is due for replacement; however, approved plans for the new system are included in the sale. The upgrade can be completed by the purchaser or negotiated with the current owner.

Currently leased for $500 per week until 1 July 2026, the property offers an attractive gross return of approximately 8%. The tenants are reliable and keen to remain in place if possible.