54 John Street

Positioned in an established pocket of East Devonport, 54 John Street presents a compelling opportunity for investors seeking secure income, solid fundamentals and long term potential in a coastal city showing continued appeal. Set on a flat 726 sqm corner block with no easements, this 1953 built residence combines classic cottage character with practical improvements, including a new roof and updated meterbox, the required smoke alarms, wood and electric heating, giving purchasers confidence from day one. Currently leased until May 2027 at $522 per week, the property offers immediate rental income and a clear return from settlement. The property is not impacted by any flooding, environmental or bushfire risk constraints and is situated approximately 25 metres above sea level. With council rates of approximately $1,940 per annum, investors can assess the holding costs with added confidence. With four bedrooms, one bathroom and two toilets, the layout is well suited to families and tenants seeking a substantial house with space, flexibility and everyday convenience. East Devonport continues to attract attention from buyers and investors looking for value within the greater Devonport market. The location is supported by access to local schools, shops, transport links, the Devonport Airport, the broader port precinct and the Spirit of Tasmania terminal upgrades, adding further lifestyle, tourism and logistical appeal for tenants, commuters and professionals. With continued investment in key local infrastructure, this address offers both cashflow appeal and the potential to benefit from future capital growth. The home carries a sense of character that sets it apart from more standard investment options. Its corner position enhances street presence, while the flat 726 sqm block with fully fenced backyard provides a practical and usable setting, complete with established fruit trees and ample sheds, garage and storage for tools, equipment or tenant use. There is also scope for future ideas, subject to all necessary approvals. For investors seeking a tenanted property with reliable income, strong land credentials, practical upgrades, useful storage and an accessible position in a growth focused coastal market, 54 John Street is a smart addition to any portfolio. *We have no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate. Some images may include virtual enhancements such as lighting adjustments or virtual styling. All fixed structures and permanent features remain true to the original property.*