2/33 Sharps Road, Lenah Valley TAS 7008

4 bed villa | 575sqm block | Lenah Valley | flood overlay flagged | strong rental demand This property offers a rare combination of generous land size and character housing within a tightly held Lenah Valley pocket, which typically commands a premium over standard villa product. The 575sqm block with two off-street spaces is increasingly difficult to find in this corridor, and the flexible four-bedroom configuration—where the formal lounge doubles as a bedroom—broadens its appeal to families and investors alike. The solar installation and included garden service reduce holding costs, and the proximity to Lenah Valley Primary, North Hobart cafes, and the CBD positions it well for owner-occupiers seeking lifestyle convenience with future redevelopment optionality. The flood overlay is the principal risk and must be investigated through council records and insurance quotes before commitment, as it may affect financing terms and resale velocity. The 1930 build with one bathroom limits immediate rental yield compared to newer stock, but the established floorboards and sunroom offer low-cost enhancement scope. Valuation divergence between providers suggests pricing is negotiable within a wide band. For a buyer prepared to hold medium-term, this property functions as a solid family home with latent subdivision or renovation upside, provided flood risk is quantified and accepted.