20/23B Cadbury Road, Claremont TAS 7011

Flood overlay | built 1993 | rent $500 | body corp $950 | no heritage controls The flood overlay introduces a known risk mechanism that may raise insurance premiums by an estimated $300–$600 annually, and could soften resale appeal to cautious buyers. The 2022 purchase provides no current price anchor, but the rental appraisal of $500–$520pw offers a gross yield near 5.1%, aligning with suburb medians and supporting a hold-for-income strategy. For an owner-occupier, the 75m² internal area and 283m² land present limited expansion potential, making this a turnkey low-maintenance proposition. Judgment call: this property suits a yield-focused investor seeking stable cash flow in a growth corridor, not a buyer chasing capital upside. Competitively, the updated kitchen and combined bathroom-laundry are rare for a villa in this price bracket, reducing immediate renovation outlay. The private garden and secure shed add functional scarcity in a complex of similar units, strengthening appeal to downsizers or first-time renters. It serves best an investor targeting a 5% yield with sub-23 day turnover, or a professional couple wanting low-maintenance proximity to Claremont Village and waterfront. The decision hinges on the flood overlay cost; obtain an insurance quote before offer, then act on the 10-day market window.