Positioned in sought-after Riverside, just five minutes from Launceston CBD, this versatile property presents an outstanding opportunity for first home buyers and savvy investors alike. Set on a substantial 1,371m² fully fenced block, the offering includes a solid 1961-built three-bedroom home plus a separate one-bedroom unit – ideal for dual living or potential dual income (STCA). With modern updates already completed and further value to unlock, this is a smart buy in a high-demand location.

Property Features:
• Large 1,371m² fully fenced allotment
• Main home built in 1961
• Three bedrooms, one bathroom (house)
• New carpet & updated kitchen in main home
• Daikin heat pump plus freestanding wood heater
• Separate one-bedroom, one-bathroom unit
• Updated kitchen & bathroom in unit
• Heat pump servicing the unit
• Ideal for extended family, teenagers or rental income potential
• Town water & Town Sewage
• NBN Available
• Close to schools, doctors & Riverside shopping amenities
• Only 5 minutes to Launceston CBD

• Rental Appraisal: House – Approximately $550/week, Unit: Approximately $280/week, Together: $650/week
• Rates – $1,800/annum

Important: The unit is not currently council approved. The process has commenced for the conversion of this build to an Ancillary Dwelling; however, buyers will need to complete this process with the relevant authorities. Currently costs are estimated at $15,750 to $20,000 and may have some unknown hidden costs along the way.

Offering flexibility, space and strong future potential, this property delivers options rarely found in this price bracket. Whether you’re looking to step into the market with added income support, accommodate extended family, or invest in a high-growth area, this Riverside opportunity is packed with promise.

Roberts Real Estate has made all reasonable efforts to obtain information regarding this property from industry and government sources that are deemed to be both reliable and factual; however, we cannot guarantee their complete accuracy in every instance. Prospective purchasers are advised to carry out their own investigations to ensure the property satisfies their suitability/usage requirements. All measurements and boundary lines are approximate.