1 Albion Street, Glenorchy TAS 7010

1956 built | 3 bed 1 bath | 584m² lot with views | Recently renovated | Strong rental yield This house presents a competitively strong offering within its suburb, primarily due to its recent comprehensive renovations and above-average configuration. The modernised interior, multiple car spaces, and larger building size distinguish it from typical 1950s stock in Glenorchy, positioning it for immediate occupancy without near-term capital expenditure. It serves first-home buyers and investors most effectively, offering both a modern living environment and a high-yield rental profile close to amenities and transport. The decision hinges on paying a premium for recent updates in a suburb where median growth is steady but not exceptional. The primary risk is overcapitalisation against the suburb’s typical price ceiling, though the renovations justify a value at the upper end of the median range. Secure it for a long-term hold, leveraging its rental appeal and finished condition, which removes renovation risk for the next cycle. Recent sales establish a clear growth trajectory for this specific property: – Jun 2016: $210,000 – Feb 2017: $274,000 – Sep 2022: $545,000 This consistent appreciation, particularly the near-doubling in value between 2017 and 2022, underscores the underlying demand and supports the current valuation estimate.