4/21 South Street, Bellerive TAS 7018

Quiet street | Brick build | Entry-level price | Tightly held suburb | Scope to add value This unit offers a rare combination for Bellerive: a solid brick build on a small footprint in a tightly held complex with mostly owner-occupiers. The 49 square metres are efficiently laid out, the private deck extends living space, and the absence of bushfire, flood or heritage overlays removes common deal-breakers. For a first-home buyer wanting a foothold in a well-located suburb, or an investor seeking sub-$400k entry with a mid-$400s rental yield, the configuration is competitive. The 88% appreciation since 2017 is not typical, but the suburb’s low turnover and high owner-occupier rate support steady demand. The main risk is the building’s age: 1973 construction may need future cladding or roof work, and body corporate records should be reviewed for sinking fund adequacy. The combined bathroom-laundry layout is functional but not to all tastes, and the open car space is exposed. Renovation potential exists in the kitchen and bathroom refresh, which could lift rental yield or resale appeal. NBN and 5G coverage are supporting points, not drivers. This property should be held for medium-term occupancy or rented for cash flow, not flipped.