51 Cavell Street, West Hobart TAS 7000

Discover the extraordinary charm of Cavell St Retreat, a rare gem offering dual occupancy in ever-popular West Hobart. This unique property comprises a front two-bedroom cottage and a recently updated, fully self-contained one-bedroom unit at the rear.

Whether you’re an investor seeking a ready-made income stream or an owner-occupier looking for a flexible dual-occupancy home, this property offers endless opportunities. Live in one and rent out the other, accommodate an extended family, or explore short-term accommodation options (STCA) – the possibilities are vast.

Currently both leased fully furnished, this property presents an outstanding ready-made investment.

Front house rented at $590 per week
Rear unit: returning $460 per week

Offering a combined weekly income of $1,050, this property delivers an excellent gross return of over 5.5% approx., with both leases in place until early 2026, ensuring immediate and reliable income from day one.

Set on sought-after Cavell Street, just a short walk to Hobart’s CBD, this property offers the perfect blend of tranquillity and urban accessibility. The original cottage at the front is spacious and welcoming, featuring open-plan living and dining areas that flow through to an updated kitchen.

The recently updated unit at the rear is a standout feature – an energy-efficient retreat boasting a 6-star energy rating, high ceilings, timber floors, and light-filled interiors. The upstairs bedroom enjoys water and mountain views, while the overall design ensures effortless modern living.

Outdoor spaces are equally impressive, with a brick courtyard, established gardens, and panoramic views across Hobart and the River Derwent.

Whether you’re drawn by the secure income, versatile layout, or long-term capital growth potential that West Hobart continues to deliver, this is an exceptional opportunity not to be missed.

51 Cavell St delivers the perfect combination of charm, convenience, and financial reward – a truly rare find in one of Hobart’s most desirable suburbs.