72 Forster Street, Invermay TAS 7248

1930 character home | 3 beds, 2 baths, 2 toilets | 445m² low-maintenance block | Fibre NBN & 5G coverage | Invermay Primary catchment This property presents a competitively strong offering as a renovated character home on a usable, fully-fenced block within walking distance to Launceston’s CBD. Its rare configuration of two full bathrooms, including a second toilet, significantly enhances liveability for a family or creates flexible sharing potential for tenants. The recent major updates to the roof and paint substantially reduce immediate capital expenditure, positioning it as a move-in ready proposition. It serves owner-occupiers seeking charm with modern convenience and investors targeting the reliable family rental market anchored by the nearby primary school. Decision hinges on the 2020 purchase price, which implies substantial equity gain for the vendor and may limit negotiation headroom below the estimated value. The absence of overlays mitigates regulatory risk, while the modest building coverage and shed offer clear value-add opportunities for outdoor living or storage. This property is a hold for long-term capital growth, leveraging its scarcity and location, rather than a short-term value play.