10 Romilly Street, South Hobart TAS 7004

Bushfire overlay present | Land size discrepancy across sources | No sales history for 35 years | Period features may complicate modern insurance. The bushfire overlay introduces a non-negotiable due diligence path that typically raises insurance premiums by 15-25% and may affect financing terms from some lenders; buyers should factor this recurring cost into holding budgets. The land size variance between 604m² and 637m² signals potential boundary or survey issues that could impact future subdivision or extension feasibility, costing thousands if unresolved. The 1930 weatherboard construction with period detailing offers authentic character but demands structural inspection for asbestos and wiring risks in a 95-year-old building; that said, high ceilings and timber features are rare in South Hobart under $1m and provide intrinsic resale durability. Hold for lifestyle capital growth rather than short-term flipping. What makes this property competitively strong is the combination of a full 604m² block with a 28% building coverage ratio—this leaves significant outdoor space on a character-rich street in one of Hobart’s most desirable suburbs, a configuration almost unavailable in newer estates. For a buyer seeking a family home with school catchment access and strong walkability, the period-modern blend reduces renovation urgency while the FTTP connection supports remote work. The 169m² floor area aligns with larger family needs, though verify interior layout livability without photos. Book a private inspection to assess ceiling height impact on room flow and confirm which land measurement applies to your intended use.