118 Springfield Avenue, West Moonah TAS 7009

4 bed family home | 782m² large lot | flood overlay | above-median rental yield | established pocket This property presents a competitively strong, expansive family holding on a generous parcel, rare for its scale in the suburb. Its four-bedroom, multi-living-area configuration and oversized master suite serve a family buyer seeking space and original solid-brick construction in an established, convenient location. The above-median potential rental signals solid demand from larger households. The flood overlay imposes a specific risk mechanism, likely affecting insurance costs and future development ease. However, the large land component and 38% coverage offer commercial logic for long-term holding, either as a family residence or a yield-generating rental. The judgment is to proceed with detailed due diligence on the flood implications, as the property’s fundamental size and configuration justify its premium over the suburb median. Recent comparable sales data in West Moonah is limited within the provided information, with only one other specific property for sale noted: a two-bedroom, one-bathroom apartment. This lack of direct house comparables underscores the relative rarity of a four-bedroom house on such a large lot in the area, indirectly supporting its valuation above the suburb median.