21 Mcculloch Street, Ulverstone TAS 7315

1968 build on 666m² | fully fenced with large workshop | first-home or investor starter | quiet owner-occupied street The property offers a rare combination of a generous 666m² fully fenced block and a substantial 3.6m x 9m garage-workshop, features increasingly scarce for entry-level buyers in Ulverstone. Its position on a street with 85% owner-occupancy and 70% long-term residents signals stable neighbourhood character and low turnover risk. The reverse cycle air conditioning and separate toilet add practical livability, while the 1968 construction means solid bones for a renovation project. This house best suits first-home buyers seeking land depth or investors wanting a low-entry holding with upgrade potential in a suburb showing 15.2% growth. The obvious risk is the renovation requirement, which will cost time and capital before the property reaches its full market value. The floor area at approximately 85m² is modest, limiting upside for family expansion without extending. The commercial logic is clear: buy below the suburb median of $555k, invest in cosmetic and functional updates, then either hold for rental yield around 3.6% or sell into a market with 61 transactions this year. Hold this property as a long-term land play in a growing coastal town, renovating only when cash flow allows.