120 Tasman Highway WAVERLEY TAS
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A unique offering with scope for near 9% returns
Positioned on a generous block, presents an excellent opportunity for first-home buyers, families, or investors. Located just minutes from Launceston's CBD, it combines comfortable living with the potential for dual occupancy (STCA).
The existing dwelling currently returns $410 per week. The detached garage/workshop has existing toilets and plumbing facilities, with plenty of scope to easily convert to a habitable dwelling which could be let separately for up to $300 per week. Additional parking spaces enhance the practicality of this conversion.
The existing dwelling comprises three generously sized bedrooms, each with built-in robes, connected by a central hallway. The bathroom is spacious, featuring both a bath and shower, with a separate toilet for added convenience.
An open-plan living, kitchen, and dining area provides a welcoming space for everyday living. The kitchen is equipped with ample storage and generous bench space. Comfort is ensured year round with a reverse cycle system, while high ceilings and large windows fill the home with natural light, enhancing its overall appeal.
Outside, the low maintenance yard offers potential for future landscaping, along with plenty of off-street parking. The large garage/workshop provides opportunities for dual occupancy or conversion into a granny flat, subject to council approval (STCA).
Situated within walking distance of Waverley Primary School, Pritchard Street Park, local shops, and public transport.
Current rent: $410 per week
Lease Expiry: 13 August 2026
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
The existing dwelling currently returns $410 per week. The detached garage/workshop has existing toilets and plumbing facilities, with plenty of scope to easily convert to a habitable dwelling which could be let separately for up to $300 per week. Additional parking spaces enhance the practicality of this conversion.
The existing dwelling comprises three generously sized bedrooms, each with built-in robes, connected by a central hallway. The bathroom is spacious, featuring both a bath and shower, with a separate toilet for added convenience.
An open-plan living, kitchen, and dining area provides a welcoming space for everyday living. The kitchen is equipped with ample storage and generous bench space. Comfort is ensured year round with a reverse cycle system, while high ceilings and large windows fill the home with natural light, enhancing its overall appeal.
Outside, the low maintenance yard offers potential for future landscaping, along with plenty of off-street parking. The large garage/workshop provides opportunities for dual occupancy or conversion into a granny flat, subject to council approval (STCA).
Situated within walking distance of Waverley Primary School, Pritchard Street Park, local shops, and public transport.
Current rent: $410 per week
Lease Expiry: 13 August 2026
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
Agent Details
Property Information
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Residential Sale
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$ 425,000
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TAS
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Launceston & Northern
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WAVERLEY
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House
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Sold
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110 sqm
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780 sqm
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2
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1