In the heart of one of Hobart’s most tightly held suburbs, 54 Alexander Street offers a rare chance to secure an established share house with proven rental appeal. Just a short stroll from the University of Tasmania, local cafés, and the Sandy Bay shopping precinct, this property represents a sound and strategic investment with immediate returns of $1600/week and long-term growth potential.
Sandy Bay has long been regarded as one of Hobart’s most prestigious addresses, balancing leafy residential streets with vibrant village life. For investors, this location has the added advantage of being one of the city’s premier student accommodation hubs, where demand remains consistent year after year. Students and young professionals alike are drawn to the area for its proximity to campus, shopping, and transport links, ensuring high occupancy rates and stable income for well-positioned properties such as this.
The home itself has been designed to meet the needs of shared living (renovated to meet Class 1B standards of the NCC), with 8 bedrooms offering individual privacy while still providing spacious communal zones for everyday life. A generous living area creates a natural meeting point for tenants, while the kitchen is well-equipped to cater for group cooking. The 3 bathrooms are nicely renovated, practical and serviceable. The home is kept comfortable year-round with a large reverse-cycle air conditioner.
Outside, the property sits on a low-maintenance allotment, reducing upkeep and ensuring outgoings are kept to a minimum. Off-street parking is a rare bonus in this part of Sandy Bay, adding further tenant appeal and security. Together, these features create a property that is both functional for its current use and adaptable for future improvements.
Currently operating successfully as a share house, 54 Alexander Street is already producing strong rental returns of approx. $1600/week at full occupancy. The combination of location, practicality, and investment security makes this a standout choice for investors seeking a ready-made income stream with strong returns. The home could also be a great option for those looking to convert and renovate the property into a large family home either now or in the future.
Investor highlights include:
- Premium Sandy Bay address, moments from UTAS and Sandy Bay Village
- 8 bedrooms with communal living areas, designed for shared accommodation
- Low-maintenance block with concrete drive way and valuable off-street parking
- Consistent rental income with potential to further increase returns over time
- Strong long-term capital growth in one of Hobart’s most prestigious suburbs
Properties such as this rarely come to market, making 54 Alexander Street a compelling opportunity to step into a blue-chip suburb with an asset that delivers both today and tomorrow. Secure your position in the ever-reliable Sandy Bay rental market and enjoy the benefits of an investment that balances stability, growth, and enduring demand.
Investors should seek professional, independent investment advice and use the information provided as a guide only.
Inspections available by appointment, a minimum of 48hrs notice must be provided.
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