High Yielding Grand Multi Flat Residence

Rooming

3 Flats in a House

Rent:

$1,195 per week

Land Size:

632m²

5 min drive or a short walk to Hobart CBD

19–20 km from Hobart International Airport

Close to public transport

Close to shopping

Offers over $995,000

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This property or other similar established properties can be acquired by our Inner Circle membership. This property may be available or it may have been acquired by our client. Submit an enquiry to learn more.

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Suitable for following Buyer Brief

Strategy Type: Buy & Hold

Investment Hold Period: Minimum 5 years

End Goal: Passive Income + Wealth Building

Active or Passive Investing: Passive with minimum maintenance and ongoing involvement

Acquisition Objective: Accumulate super cashflow properties in growth areas for easy hold and get some equity to buy another one in 3 years.

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Location Highlights

Location & Connectivity

Extremely close to Hobart CBD — ~5 min drive or a short walk into the city centre.
~19–20 km from Hobart International Airport (≈15–20 min by road / bus).
Major arterial routes nearby, including Elizabeth Street through the suburb and Brooker Highway connecting northwards.

Investment Statistics

Supply > Demand
Extremely low vacancy rate
Very low rate of future construction
Great capital growth prospects - both short term and long term. This is due to rising demand and inefficient construction pipeline in Hobart

Lifestyle & Amenity

Renowned Elizabeth Street café and restaurant strip with international dining, bars and nightlife — a strong lifestyle draw for residents and visitors.
State Cinema, a historic multi‑screen independent cinema and cultural venue in the heart of the suburb.
North Hobart Oval provides large open recreational space and sporting events.

Education

Elizabeth College (public senior secondary) and The Friends’ School (K‑12 private) within the suburb.
High proximity to schools and tertiary facilities in central Hobart.

Public Transport

Served by multiple Metro Tasmania bus routes connecting to Hobart CBD and surrounding suburbs.
Frequent services along major corridors; core urban public transport network.

Shopping & Entertainment

Direct walk to Hobart CBD retail and entertainment precinct including boutique stores, Elizabeth Street Mall and waterfront attractions.
Local cafes, bars, restaurants and boutique shops concentrated along Elizabeth Street.

Parks & Recreation

Access to parks and green spaces around the suburb and nearby Queens Domain and gardens.
North Hobart Oval and local sports facilities add amenity for families and active residents.

Medical & Services

Close proximity to Royal Hobart Hospital and other central medical facilities within a few minutes of the CBD. (Implied by inner‑city location)

Investment Appeal

Strong lifestyle and amenity draw, walkable to CBD and transport — traditionally supports demand from renters and owner‑occupiers.
Blend of heritage charm and urban renewal enhancing desirability.

Medical & Services

Recommended Due Diligence

Building & pest inspections, Title search, Flood, Bushfire, Easements, Soil type, Water & sewer, Stormwater, Rooming compliance, Supply Demand stats review, Vacancy rates stats review, Contract review, Tenant agreement review.

Our Inner Circle membership includes Due Diligence, Search, Data Research, Strategy forming, and End to End Support.