20/47 North Terrace, Burnie TAS 7320

1-bed flat in Burnie strata | 55sqm internal | near schools and coast | strong rental demand in complex The property’s compact 55sqm footprint is actually a competitive advantage in this market, as single-bedroom units in the 47 North Terrace complex consistently attract reliable tenant demand from both young professionals and downsizers. The 1961 build offers solid construction with no overlay restrictions, and the Cooee Primary School catchment adds family appeal despite the unit’s size. For an owner-occupier seeking affordable entry into Burnie or an investor chasing the estimated 5.3% gross yield, this unit sits at a price point where comparable stock is scarce—only three one-bedroom sales recorded locally this year. The primary risk is the strata environment with 41 units and 60% rental occupancy, which can mean higher turnover costs and potential levy volatility. The 2.9km distance to the nearest school reduces walkability appeal, and the lack of parking is a genuine drawback in a regional centre where car dependency is high. That said, the $295pw rental estimate is supported by a unit 40 achieving $300pw, and the 11-12% annual growth since the 2024 purchase suggests momentum. Hold this property for steady rental income rather than short-term flipping, and budget for a strata report before committing.