22 Meander Valley Road, Westbury TAS 7303

1925 Edwardian character | 1,133m² with yard depth | 3.9% rental yield | bushfire overlay flagged This property offers a rare combination of period authenticity and practical modernisation in a low-turnover market. The Edwardian weatherboard façade and original floorboards provide genuine character appeal, while the solar panels, reverse-cycle air conditioning, and heat transfer system reduce ongoing costs for an owner-occupier. The 1,133m² lot with only 15% building coverage is uncommon for a house of this vintage, giving you significant outdoor space and future flexibility. The strong rental yield near 3.9% and stable owner-occupied street profile make it equally viable for an investor seeking reliable regional returns. Westbury’s median price for three-bedroom houses sits well below the listing level, which positions this as a premium offering in its local market. The detected bushfire overlay is the primary risk and requires formal assessment through Tasmanian planning tools before proceeding, as it may affect insurance costs and future development options. No flood or heritage restrictions apply, preserving renovation freedom. The August 2024 sale with a withheld price creates some transaction ambiguity, so you should verify whether that sale fell through or was a private arrangement. The NBN FTTB connection is adequate but not a value driver. For an owner-occupier, the school catchment and fully fenced yard add family suitability; for an investor, the low rental turnover in the street supports consistent tenancy. The property suits buyers who prioritise character and land over modern finishes and who are comfortable with a regional market that transacts almost entirely by private treaty.