253 Cambridge Road, Warrane, TAS 7018

Ideally positioned in an ultra convenient location, this beautifully updated property presents a rare opportunity for investors, and developers alike. Set on a generous 749m² (approx.) block, the possibilities here are endless-explore subdivision or redevelopment potential (STCA), or simply enjoy the rental yield from a popular home in a convenient locale!

The residence itself has been stylishly refurbished throughout, featuring a bright, open-plan kitchen, dining, and living area bathed in natural light. The modern kitchen overlooks the expansive rear yard-offering a clear view of future development potential.

Three well-proportioned bedrooms (including a main with built-in wardrobes), a contemporary bathroom, and a separate toilet complete the functional floorplan. Outside, the sunny, fully fenced backyard provides an excellent space, complemented by a garage/workshop for added practicality.

Conveniently located just 10 minutes from both the Hobart CBD, and close to shops, schools, and essential amenities, this property delivers strong appeal across the board.

Whether you're seeking an immediate return on investment, a long-term upside to move in down the track, or an investment with significant development potential (STCA), this opportunity is not to be missed.

Currently tenanted at $505 per week to a quality tenant until October 2026.

Taswater Rates: $1,272.48 pa (approx)

Council Rates: $1874.55 (approx)