138 Alanvale Road Newnham TAS 7248

1954 weatherboard | 574m² large block | redevelopment potential STCA | sought-after pocket | East Tamar Primary zone This property presents a clear value proposition based on its land size and location. The 574m² block in a sought-after, convenient pocket of Newnham is competitively strong, offering a significantly larger parcel than typical local stock. It serves renovators, builders, or developers best, as its older condition is offset by the underlying land value and redevelopment flexibility subject to council approval. The configuration provides a positional edge for capital growth through improvement. The primary cost is the required capital and effort for modernisation or redevelopment, with the older build demanding immediate investment. The commercial logic is acquiring a large, well-located block at a lower price per square metre, creating equity through strategic enhancement. Hold this for long-term growth after executing a clear improvement plan; a Propcred report would validate its market valuation and detail locality risks, overlays, and insurance considerations essential for this project type.