Three Flats in a House

Rooming

3 Flats in a House

Rent:

$1,215 per week

Land Size:

564m²

2 km from the Hobart CBD

20 km to Hobart Airport

Close to public transport

Close to shopping

Offers over $975,000

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Location Highlights

📍 Prime West Hobart | Walk-to-CBD Multi-Income Asset

Block of Units – West Hobart, TAS
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✔ Blue-Chip, Walk-to-CBD Location

Located in tightly held West Hobart, just a short walk to Hobart CBD, cafes, hospitals and lifestyle amenities.
This proximity drives strong tenant demand and long-term resale appeal.

✔ Proven Income with Clear Upside

Comprises three self-contained units.
One fully renovated unit with strong tenant appeal, capable of achieving ~$490 per week.
Remaining units are in rentable condition and can be uplifted with light cosmetic improvements, without heavy renovation or marketing spend.

✔ Value-Add Without Heavy Capex

Simple upgrades and rent re-positioning could realistically push total income to ~$1,400 – $1,500 per week over time.
Ideal for investors seeking yield improvement through optimisation, not redevelopment risk.

✔ Low Vacancy = Organic Rental Growth

Hobart and inner-ring suburbs like West Hobart continue to experience very low vacancy rates, creating upward pressure on rents.
This means organic rental growth over the next 12–24 months, even without major upgrades — improving yield year-on-year.

✔ Defensive, Long-Term Hold

Solid construction, high-demand location, and multiple income streams make this a resilient asset in both strong and softer market conditions.
Suits investors chasing cash flow today with improving returns over time.

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.