12 St Aubyn Square, Moonah TAS 7009

1947-built 5-bed with granny flat | near-flat 576m² block | no overlays | Moonah’s sought-after pocket This house presents a compelling proposition for an owner-occupier seeking space or an investor targeting dual-income potential. Its core strength is the combination of a substantial, near-flat land parcel with a self-contained secondary dwelling, a configuration rare in this price segment. The absence of development overlays simplifies future use, while the location in a high-growth suburb with direct reserve access provides a stable demand floor. It is best suited for a buyer who can execute cosmetic improvements to capitalize on the established floor plan and land ratio. The primary risk is the dated condition implied by the listing, which will demand immediate capital and effort to realize the property’s value. The offered price sits below automated valuations, suggesting a discount for this work. Acquire this as a long-term hold; the granny flat offers immediate yield to offset renovation costs, while the land bank in a growth corridor provides the equity upside. Proceed with a building inspection to quantify the improvement scope, but the fundamentals justify an offer at the guide.