26 Ormley Street, Kings Meadows TAS 7249

quiet street, brick build, low-maintenance layout, Punchbowl Primary zone This property offers a rare combination of a solid 1961 brick structure on a generous 716sqm lot with a quiet no-through street position, which is increasingly hard to find close to the Kings Meadows shopping precinct. The 170sqm floorplan with three bedrooms, built-in robes, air conditioning, and a separate workshop gives a family or investor a practical, flexible footprint without the premium of a renovated price tag. For a first home buyer or an investor seeking stable rental demand near a primary school and retail, the configuration edges are in the secure parking and fenced yard – elements that reduce ongoing outlay and appeal to tenants. The absence of bushfire, flood, or heritage overlays removes latent holding risk, while the 24% building coverage leaves room for future extension or subdivision potential on a 716sqm lot, though any such move would require council approval. The 2019 purchase history suggests the current price reflects market movement rather than forced sale pressure. The property holds best for an owner-occupier wanting a solid base to improve over time, or an investor seeking a low-vacancy hold in a consistent Launceston suburb with fibre broadband as a modest tenant draw.