11 Lawson Street, Mayfield TAS 7248
11 Lawson Street, Mayfield TAS 7248
1955 weatherboard | 3 beds | long-term tenant | 557sqm land | garage/workshop potential
This property presents a straightforward investment case based on functional accommodation and secure tenancy. Its competitive strength lies in the low-maintenance Colorbond roof, the substantial 79sqm garage space convertible to a gym or workshop, and a locked 12-month lease with a cooperative tenant. This configuration serves the entry-level investor seeking immediate yield without vacancy risk, positioned within a practical 5-minute drive to essential services and major educational institutions. The 19% building coverage on a 557sqm block preserves future optionality.
The primary risk is the below-market rental of $360/week against a $470 potential, representing a deliberate income trade-off for tenancy security. The 2025 market withdrawal suggests vendor sensitivity, making the $425,000 ask a key threshold. Acquire for yield and hold; the value-add is a future rental review upon lease expiry. The lack of overlays and FTTP connectivity are supporting advantages. Proceed if the current yield meets your hurdle, as capital growth relies on broader suburb performance without immediate catalysts.
Market Insight:
Mayfield presents as an affordable entry point with a market characterised by solid capital growth and strong rental yields, attracting investor interest. Demand is underpinned by a high proportion of renters and younger households, creating a consistent tenant pool. Recent price trends indicate a robust market with houses transacting swiftly, reflecting healthy competition. Future growth will likely hinge on broader economic factors, while the market’s reliance on a limited volume of house sales introduces a degree of sensitivity to supply and demand shifts.