7 Lloyd Street, Ulverstone TAS 7315

3 bed, 1 bath 1954 house | 858m² lot with 14% coverage | 9x6m Colorbond shed with bar and heater | Tandem carport and drive-through backyard access This property’s competitive edge is the rare combination of a generous 858m² lot with only 14% building coverage, plus a substantial 9x6m Colorbond shed-features that immediately set it apart from standard three-bedroom offerings in Ulverstone. The tandem carport with drive-through access and multiple front gates create practical capacity for boats, caravans, or multiple vehicles, which directly appeals to tradespeople, families with recreational gear, or investors seeking a dual-purpose holding. The open kitchen-dining-living layout with island bench and pantry, while dated, provides a functional canvas for cosmetic updates without structural pressure. Positioned near three primary schools and within a stable, owner-occupied street with long-term residents, the property suits a buyer wanting a low-competition entry into a sought-after pocket with immediate utility and future subdivision potential. The primary risk is the single bathroom and 1954 build age, which may limit appeal to families seeking multiple bathrooms or turnkey condition, and the kitchen requires updating to command premium resale. The current estimated value range of $540,000–$585,000 sits near the suburb median, meaning the buyer pays for land and shed value rather than house condition-a fair trade if the structure is sound. Opportunity lies in the 14% coverage ratio, which leaves room for extension, granny flat, or future subdivision subject to council approval, and the shed’s wood heater and bar add lifestyle value that can support a higher rent or owner-enjoyment premium. Hold this property for its land leverage and shed utility, not for the house’s condition.