36 Elwick Road, Glenorchy

Two High-Performing Units on One Title – Combined $86,840 Annual Return

Council Rates: $3405.60 approx | Water Rates: $2938.76 approx

On offer are two well-presented units on a single title, delivering a combined rental income of $1,670 per week ($86,840 per annum) with minimal upkeep in a highly sought-after position.

Unit 1 – the original home, fully renovated with insulating rendered polystyrene panelling, double glazing, and comprehensive insulation, achieving a 6-star energy rating. The smart, functional floor plan is perfectly suited to a low-maintenance investment. Currently leased to a reliable long-term tenant, Unit 1 returns $585 per week.

Unit 2 – a recent, high-quality build offering exceptional flexibility. Three king-sized bedrooms each feature a private ensuite, built-in wardrobes, a kitchenette, and independent access. Operated as a share house, the rooms are individually leased, returning a strong $1,085 per week. Residents share a central kitchen, laundry, additional bathroom, and living area.

Location – centrally positioned close to a major shopping centre, a vibrant strip of cafés, boutiques, and healthcare services. Just 10 minutes to the Hobart CBD and situated on a main bus route, ensuring strong rental appeal and consistent occupancy