1 Morrisby Road, Old Beach TAS 7017

3 bed 1987 build | 733sqm block | no detected flood or fire risk | 85% owner-occupier area | 26 day average sale The buying case rests on a rare combination for a 1980s house: a full 733sqm parcel with air conditioning, fencing, and multiple parking spaces in a suburb where 85% of neighbours are owner-occupiers and the median for three-bedroom houses sits well above the asking range. This property serves a buyer who values land-to-building ratio over cosmetic finish-103sqm of internal space on a block that allows for future extension or subdivision potential, given no detected heritage or hazard overlays. The 26-day average sale time in the immediate area confirms steady demand without auction pressure, and the 4% rental yield provides a credible fallback if occupancy plans shift. The primary risk is the 1987 build age and single bathroom configuration, which will limit appeal to families who need two bathrooms and may require a capital upgrade within five years. The 2014 sale at $285,000 shows the market has already priced in substantial land value growth, so further appreciation will depend on local infrastructure or zoning changes rather than catch-up. The opportunity lies in the 733sqm block and absence of flood or bushfire detection-this is a hold-for-land-value play. Use it as a solid entry into a stable owner-occupier pocket, and plan for a bathroom addition or subdivision when the market dips.