16 Lockett Street, Wynyard TAS 7325

Corner block with rear access | extra living wing | low-maintenance yard | established residential pocket near school and coast This property’s competitive edge is its corner configuration and rear yard access, which are uncommon in Wynyard’s established residential streets. The separate second living space adds genuine flexibility for a family needing a rumpus room, home office, or guest zone without sacrificing the main open-plan area. With a fully fenced 760m² block, built-in robes in two bedrooms, and a workshop, it suits owner-occupiers wanting move-in convenience with room to add shedding or a garden studio later. Investors would note the 4.5% gross yield is solid for the region, and the low-maintenance gardens reduce holding costs. The single bathroom is the main constraint for families or tenants seeking two wet areas, which may narrow the buyer pool slightly. The 2003 sale date suggests no recent capital works have been captured, so a building and pest inspection is essential to confirm roof and structure condition. On the positive side, no bushfire, flood, or heritage overlays reduce approval risk, and the Table Cape Primary School catchment supports family demand. Fibre-to-the-node NBN is adequate but not a premium feature. For a buyer, this property works best as a hold-and-improve proposition, where the corner block’s potential for a future shed or subdivision (subject to council) adds long-term optionality without forcing immediate outlay.