17 Landale Street, Invermay TAS 7248

Renovation cottage in Invermay | 523m² land value-add | 3-car off-street parking edge | Strong investor and renovator demand This property presents a rare configuration for Invermay: a three-bedroom cottage on a 523-square-metre lot with three off-street parking spaces. The land-to-floor ratio and internal condition, described as ready for revival, create an entry point for buyers prepared to undertake renovation. Its positioning near the Launceston CBD and university precinct underpins strong long-term demand from both owner-occupiers and investors. The parking provision alone sets it apart in a suburb where off-street space commands a premium. The principal risk lies in the extent of works required; a thorough pre-purchase inspection and cost estimation remain essential. The single bathroom and dated presentation narrow the immediate buyer pool to those willing to improve. However, the opportunity is clear: a well-executed renovation could unlock substantial equity and reposition the property as a premium offering in Invermay’s tight inner-city market. For investors, the post-renovation rental yield-driven by proximity to the university-should outperform current unimproved returns.