7 Rachel Avenue, Clarendon Vale TAS 7019

Solid brick house | 787 sqm large block | tenanted to 2027 | tranquil pocket | immediate rental yield This property presents a competitively strong offering for an investor seeking stable, hands-off entry into the market. Its solid brick construction on a generous 787 sqm allotment in a quiet pocket provides a durable, low-maintenance holding with inherent land value. The established tenancy until March 2027 at $450 per week secures immediate cash flow, eliminating vacancy risk and positioning it as a set-and-forget acquisition within a suburb demonstrating steady growth. The primary decision hinges on accepting a locked-in rental return below potential market rate for the security of guaranteed income. The single bathroom layout, while functional, may limit future capital growth compared to two-bathroom stock. For a buyer, the commercial logic is clear: acquire a high-yielding, land-rich property for portfolio stability, then reassess value-add opportunities post-2027. This is a hold property for secure yield, not a short-term renovation play. Recent comparable sales nearby: • 11 Beadle Street, Rokeby: 2 beds, 1 bath, 4 cars. Listed with offers over $545,000. This comparison suggests the subject property’s larger block size and third bedroom command a price premium, supporting its listed guide range. The market is paying for land and configuration.