18 Vermont Road
Mowbray, TAS 7248

Positioned in a convenient and highly sought-after location, this well-designed property offers an exceptional opportunity for investors looking for strong returns and flexibility. The property currently operates as a share house, thoughtfully arranged to maximize rental income while providing comfortable communal living spaces for tenants. Additionally, the inclusion of a self-contained unit adds further potential to increase returns or accommodate diverse rental arrangements.

Key features of the main residence include four generously sized bedrooms, providing ample space for occupants. The home offers one bathroom complemented by two separate toilets, enhancing convenience for residents. The communal areas feature a spacious kitchen, dining, and living space equipped with ample storage and quality fixtures, creating a welcoming environment for shared living.

The separate one-bedroom unit is fully self-contained, complete with its own kitchen, living area, and bathroom facilities, offering privacy and independence for tenants or additional income potential.

The property sits on a fully fenced allotment, ensuring privacy and security for all occupants. Off-street parking is available, accommodating multiple vehicles with ease. Its location is highly convenient, within walking distance to Mowbray Shopping Centre and Mowbray Primary School, and close to the Senior Campus of Launceston Church Grammar School. Public transport access is readily available, and the property is approximately a 10-minute drive from the central business district, making it ideal for commuters.

This ready-made investment boasts multiple income streams already established, providing immediate returns and ongoing growth potential. Its practical layout, additional self-contained accommodation, and prime location make it a valuable addition to any investment portfolio.

Council rates are approximately $2100 per annum, with water rates around $1200 per annum.