14 Ashburner Street, Devonport TAS 7310

1960s brick home | 562sqm central block | north-facing rear deck | polished floors throughout This property offers a rare combination of a generous central allotment and a north-facing rear deck, which are both hard to find in Devonport at this price point. The 122sqm of internal space with polished floorboards and updated bedrooms provides a solid shell, while the 22% building coverage leaves meaningful room for extension or reconfiguration. It serves best for owner-occupiers seeking a long-term foothold in a prime school catchment, or investors wanting a 4.89% rental yield from a low-maintenance holding. The main risk is the dated kitchen and bathroom, which will require capital outlay to lift the property to market expectations and unlock full equity growth. However, with no flood or bushfire overlays and strong 5G coverage, the holding costs are low. The opportunity lies in a staged renovation—prioritizing the bathroom first—to push the mid-range value toward the upper estimate without overcapitalizing. Hold for five years and improve incrementally.