Development potential, investment or first home

Located in the popular suburb of Moonah and under 10 minutes' drive to Hobart CBD, this 716m2 property provides a great development opportunity for the savvy investors and developers (STCA), with the potential to purchase not just one but two properties, with the adjacent 374 Brooker Highway also listed for sale (combined allotment of 1,442m2 approximately). <br/><br/>This property could also be the ideal starting place for a first home buyer on the hunt to secure their first property. <br/><br/>Complete with a recently renovated kitchen as well as quality timber floorboards, this three-bedroom weather board home is located on a large and level 716 sqm approx. parcel of land. <br/>The central bathroom is neat and tidy, with the convenience of a separate toilet and large laundry. <br/><br/>As you make your way outside there is the bonus of an outdoor deck space which looks out over flat and fully fenced backyard. <br/><br/>Currently tenanted, the property is returning $505 per week until February 2022.<br/><br/>Benefiting from general residential zoning and no registered easements, this low-maintenance and affordable property would make a comfortable future home, ideal investment property or intelligent development opportunity (STCA).<br/><br/>• Renovated kitchen with ample bench space <br/>• Currently tenanted at $505 p/w until Feb 2022<br/>• Scope for future multi-dwelling development (STCA)<br/>• Timber floors throughout kitchen, dining and living area <br/>• Three great size bedrooms<br/>• Neat and tidy central bathroom <br/>• Outdoor deck space to the rear of the property <br/>• Close to local shops and public transport<br/>• Less than 10 minutes to Hobart City<br/><br/>Construction: Weather board <br/>Roof: Tile <br/>Heating: Heat Pump <br/>Year Built: 1952<br/>Annual Council Rates: $1,700 approximately<br/>Annual Water Rates: $1,400 approximately<br/><br/>Get to know Moonah<br/>The northern suburb of Moonah is a short 10-minute drive from the Hobart CBD. This buzzing suburb offers stores for everyday needs to occasional purchases with amenities close to your doorstep. The area is primarily flat, with the hills and mountains lining the horizon and is a popular area for people looking for their first home or to purchase an investment property.