45 Chippendale Street, Claremont TAS 7011

1967 brick veneer | 817sqm block | flood overlay | 12 days on market The property’s strongest buying case is the land-to-house ratio – an 817sqm lot with only 12% building coverage on a quiet street where 85% of neighbours are owner-occupiers. That configuration gives a buyer positional leverage: the existing 98sqm house can be lived in while a future subdivision or extension is assessed. The retro floorboards, separate lounge, and built-in robes make it immediately rentable at $525-$630 per week, which covers holding costs for a patient buyer. It suits first-home buyers who want room to add value, or investors looking for a low-competition entry into a suburb where 3-bedroom houses sell in 19 days and the median is $600k. The flood overlay is the primary risk – it may limit development scope and raise insurance costs, so due diligence on council’s specific flood level and any building restrictions is non-negotiable before offering. The 2005 last sale date suggests no recent capital improvements, meaning the heating, wiring, and roof condition need a pre-purchase inspection. Opportunity lies in the 817sqm site with no heritage or bushfire overlays: if council permits a second dwelling or boundary adjustment, the land value alone could outperform the house. Hold for rental yield and land appreciation, or develop only after confirming flood overlay constraints.