Cambridge Road, Warrane, TAS 7018
$135k Instant Equity + Development Potential
Purchase Price: $500,000
Instant Equity: ~$135,000
Bank Valuation: $635,000+
Land Size: 708 sqm (STCA potential for second dwelling)
Building: 3 Bed | 1 Bath | 3 Car
Forecast Strategy: Develop & Hold (add second dwelling to boost yield)
- Development Opportunity (STCA): 708 sqm block with second dwelling potential
- Prime Location: Close to Bellerive, Rosny & Hobart CBD
- Undervalued Entry Point: Bought $135k below bank valuation — strong long-term upside
Purchased for $500k against a $635k+ valuation, this Warrane property sits on a large 708 sqm block with STCA potential for a second dwelling — a perfect develop and hold play.
The existing 3-bedroom home is well-kept, featuring a sunroom with mountain views and a spacious backyard with fruit trees and privacy — ideal for long-term tenants or short-stay guests once upgraded.
Located just 10 minutes from Hobart CBD and close to blue-chip suburbs like Rosny and Bellerive, this property combines strong capital growth potential with instant manufactured equity.