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98 Sycamore Road, Risdon Vale$595,000
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98 Sycamore Road

Risdon Vale, TAS 7016, Australia
$595,000
4 bed 1 bath 4 car687 m²

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About this property

If you're looking for an investment property that delivers reliable returns with long-term potential, this spacious four-bedroom home deserves your attention. Currently leased to excellent tenants until January 2027 at $545 per week with room to grow, it offers immediate rental income from day one. Inside, the home features four generous bedrooms, with the main bedroom offering a walk-in wardrobe and additional storage. The open-plan kitchen and living area is bright and functional, complete with a reverse cycle air conditioner for year-round comfort. A large laundry/utility room provides excellent practicality and leads to the fully fenced backyard. Outside you'll find both a deck and a covered entertaining area, while the rear of the property enjoys a peaceful outlook over a reserve with a creek. Vehicle accommodation is well catered for with a substantial double garage and additional off-street parking for several vehicles. Additional features include solar hot water and security shutters. While the home would benefit from some cosmetic updates over time, it presents as a solid, comfortable property with plenty of scope to add value in the future. Combined with its established tenancy and attractive rental return, this is an excellent opportunity for investors seeking a property with proven performance and future upside. For further information or to arrange an inspection, please contact Matt Carne. The Vendor reserves the right to accept an offer at any time during the marketing period. To arrange your inspection, please contact our office using the Contact Agent link on this page. All measurements are approximate. Interested purchasers should make their own enquiries and satisfy themselves as to the accuracy of the information provided. The particulars contained in this advertisement do not form part of any contract.

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
4
Bathrooms
1
Parking
4
Land Area
687 m²
Listed
1 week ago

Repayment calculator

$2,885/month
$1,442 /fortnight
Loan $476,000 at 6.10% over 30 years

Upfront costs

Deposit$119,000
Stamp duty$22,285
Conveyancing (est.)$2,000
Total upfront$143,285
Verify with TAS revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Risdon Vale

This 4-bedroom house in Risdon Vale, TAS 7016 sits within reach of public transport, and nearby schools. It is listed 8% below the $649,000 median of 50 comparable houseswithin 5 km.

Schools near Risdon Vale

  • Risdon Vale Primary Schoolprimary · K-6 · CoEd

What's nearby

  • No.91 Sycamore Rd (bus)106 m away
  • Kerria Play Park162 m away
  • Duke Park291 m away
  • Risdon Vale Park333 m away

Risdon Vale at a glance

Full suburb profile
Population
3,171
Median age
34
Household income
$1,187/wk
Median rent
$320/wk
Median mortgage
$1,083/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Risdon Vale price trend

Median sold · House 3 bed

Compound growth +2.7% / yr over 4 yrs

$537kcurrent median

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Full Risdon Vale market

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1 price change recorded for this property

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