9 Corinth Street, Howrah TAS 7018

Flood overlay footprint | 1951 build | 1,396m² lot | 8% site coverage | Owner-occupied street The flood overlay is a material risk, narrowing buyer demand and potentially increasing insurance premiums by an estimated 20–30% annually, while the 8% building coverage leaves substantial underutilised land. The 1951 structure requires careful capital reserve planning, but the 1,396m² site in a 90% owner-occupied street presents a rare opportunity to hold and renovate, redevelop, or subdivide subject to council approval. This property is best held as a long-term land bank with immediate rental yield potential. The deep lot and workshop offer rare flexibility for buyers seeking a lifestyle property with income potential, though the modest 115m² house limits immediate rental cashflow. The quiet, stable street profile and proximity to Howrah Primary School make it most suitable for families or investors prioritising land value over turnkey condition. A buyer should arrange a flood risk assessment and then engage a structural engineer before negotiation to quantify holding costs.