Location: TAS
House Type: Free standing house 3x1 1 cars
Land Size: 640 sqm
Year of Build: 1963 (renovated)
Purchased Date: May/26
Purchased Price: $659000
Bank Valuation: $675000 (Sep/26)
Current Rent: $530/week, market rent $580/week
Key Point: This corner-block property was secured as an off-market opportunity, with an existing tenant already in place — providing the client with rental income from day one. The property is currently leased below market rent, which helped create an opportunity to secure the property at a more attractive purchase price while also minimising competition from other buyers. Once the current lease expires, the rent can be reviewed and adjusted closer to the prevailing market level, providing potential for improved rental income and stronger overall returns. Another strategically secured off-market acquisition, combining immediate cash flow with future rental upside.