2/5 Holyman Street, Devonport TAS 7310

3 bed townhouse | 2 living zones | large 786sqm block | high owner-occupier street | new roof The property offers an unusual combination for a townhouse: a generous 786sqm fully fenced block with two garden sheds and an entertaining deck, plus a rumpus room and study alongside the three bedrooms. This configuration gives it strong appeal for families wanting indoor-outdoor utility without a standalone house price, and the high owner-occupier ratio on Holyman Street suggests stable neighbourhood demand rather than transient rental turnover. The brand new roof removes a major capital expenditure risk for the early years of ownership. The main risk is title ambiguity—whether this is strata-titled with body corporate fees or a freestanding unit, which directly affects ongoing costs and resale flexibility. The rental yield at around $520 per week is moderate for the price, so pure investors may find better returns elsewhere, but for an owner-occupier seeking space and a quiet street within walking distance to Devonport High School and Nixon Street Primary, the trade-off is reasonable. The absence of bushfire, flood, or heritage overlays simplifies due diligence.