2/6 Fraser Street, New Town TAS 7008

1913 converted boot factory | single-level unit | New Town fringe | timber floors high ceilings The property offers a configuration edge rare in this price band: a 1913 factory conversion with generous room proportions and timber flooring, positioning it as a lifestyle alternative to standard modern units. The single-level layout and low-maintenance footprint serve first-home buyers seeking character without strata complexity, or downsizers trading garden upkeep for architectural amenity. The location within New Town Primary zone and FTTP connectivity add functional depth without being primary value drivers. The primary risk is the 55m² internal area, which limits appeal to owner-occupiers seeking space and may compress resale buyer pool over time. The 2020 purchase at $280k suggests material capital growth already priced in, narrowing short-term upside. Opportunity lies in holding for rental income-$420pw at current listing yields 4.9% gross-and leveraging the conversion story for future resale to design-conscious buyers. Buy and hold, not flip.