15 Macfarlane Street, South Hobart TAS 7004

Dual-title income | 10-bedroom scale | South Hobat location | flexible owner-occupy or lease The property’s dual-unit configuration on a single title creates a rare positional advantage in South Hobart, where large-scale residential holdings are uncommon. With 10 bedrooms across two fully self-contained apartments, a buyer gains immediate income diversity or multi-generational living capacity without strata constraints. The 463-square-metre block and brick construction from 1961 suggest solid underlying structure, while separate entrances and private outdoor spaces for each unit preserve tenant or family separation. This property suits an investor seeking dual rental streams with strong tenant demand in a well-connected suburb, or an owner-occupier who wants to offset mortgage costs by leasing one unit while living in the other. The internal area of 266 square metres across both units is generous, and the four off-street car spaces add practical appeal in a sought-after inner-city fringe location. The primary risk is the property’s age, with 1961 construction likely requiring attention to plumbing, electrical, and insulation standards over time, and no recent renovation details are provided to assess capital expenditure needs. The single-title structure means both units must be sold together, which could limit exit flexibility compared to separate titles. However, this also reduces competition from buyers seeking only one unit, and the dual-income potential should support strong holding power. The location near Macfarlane Park, public transport, and local amenities supports consistent rental demand, while the council and water rates remain moderate for the scale. A buyer should budget for a thorough building inspection and consider whether the existing layout aligns with their preferred tenant profile or family arrangement.