19 Lillie Street, Glebe TAS 7000

1890 character | six bedrooms one bath | 45% site coverage | Glebe subdivision edge The six-bedroom count on a single bathroom is the defining structural constraint here, but it also signals a rare configuration in Glebe’s tightly held historic subdivision. For a buyer willing to consolidate bathrooms or reconfigure internally, the 199m² building footprint on 443m² offers conversion upside that most period terraces lack. The 45% site coverage leaves meaningful outdoor space, and the elevation and roof height data suggest reasonable natural light and potential for a first-floor addition. This property serves best an owner-occupier with renovation appetite or a developer looking to unlock value through subdivision or extension in a precinct where land supply is effectively zero. The single bathroom is a material discounting factor in a six-bedroom house, compressing the buyer pool to those who will renovate immediately. The 2022 sale at $1,101,000 sets a recent benchmark, and the current list price below that indicates either condition deterioration or market softening that a buyer can exploit. No heritage overlay is a critical advantage – it permits pragmatic alterations without council friction. The NBN FTTP and 5G coverage are functional but not price-setting. Hold this property as a medium-term renovation play: add a second bathroom and update the kitchen, and the valuation gap to comparable 5-bedroom sales in Glebe narrows sharply.