Modern, low-maintenance living with strong rental appeal

Freshly re-leased at $385 per week, 31 Water Street offers an outstanding opportunity for investors, first home buyers, or downsizers seeking quality, comfort, and value in Tasmanians Central Highlands.

Gross Yield: ~$20,000 p.a. (5.7% return based on $350,000 purchase)

Rental Security: Recently re-leased with under two weeks vacancy, highlighting strong demand

Low Maintenance: Contemporary finishes and compact design mean fewer upkeep costs

Proven Performance: Both this home and its rear counterpart have enjoyed excellent occupancy rates

This is a reliable, set-and-forget investment that delivers consistent income and attractive returns.

For first home buyers, this property provides the perfect affordable entry into the market without compromising on style or comfort. Downsizers will love the ease of a single-level, low-maintenance layout, paired with modern conveniences and a peaceful setting.

Two well-proportioned bedrooms ideal for couples or small families

Contemporary kitchen with modern appliances

Open-plan living designed for easy day-to-day living

Front deck to soak in the surrounding rural views

Generous block with creative potential at the rear fully fenced, private, and secure

Location Ouse, Central Highlands

Nestled in the heart of Ouse, this home offers both tranquility and convenience. The township provides essential services including a supermarket, hotel, and service station, while also serving as a gateway to Tasmanians lakes, rivers, and fishing destinations. A strong sense of community, stunning scenery, and clean country air complete the lifestyle picture.

Key Features

Modern, low-maintenance home

2 bedrooms, 1 bathroom

Large block, front & rear yards fully fenced

Deck with views, tidy gardens, outdoor potential

Solid rental history with immediate return

Ideal for investors, first home buyers, or downsizers

Whether you're looking to grow your portfolio, step onto the property ladder, or downsize with ease, 31 Water Street is a property that ticks every box. With strong rental returns, minimal upkeep, and a peaceful country lifestyle, this is an opportunity not to be missed.

Disclaimer:

Every effort has been made to ensure the accuracy of the information provided in this advertisement. However, prospective purchasers are advised that all details are provided as a general guide only. Buyers are strongly encouraged to conduct their own independent inquiries and due diligence to verify all information and satisfy themselves as to the property's suitability. No reliance should be placed on the information contained herein. Derwent Real Estate accepts no responsibility or liability for any errors, omissions, or inaccuracies in this advertisement.