22 Gay Street, Deloraine TAS 7304

Large 936sqm level block | solid 1977 brick home | updated kitchen & solar | school walking distance This property’s competitive edge lies in the combination of a generous, level 936sqm block with a solid brick home that is immediately liveable. The modernised kitchen, reverse-cycle heating and cooling, and solar power system reduce immediate outlay for a buyer, while the vacant possession allows for a straightforward move-in. It is best suited to first-home buyers or families seeking space and convenience, or an investor wanting a property with clear rental demand and scope for future value-add through landscaping or extensions, subject to approvals. The main risk is that the 1977 build may retain some original features requiring attention beyond the kitchen update, and any future development will need standard council approvals. However, the absence of bushfire, flood, or heritage overlays simplifies planning. The opportunity lies in the land itself—a rare level block of this size in a school-walkable location—offering genuine upside for a buyer willing to improve the property over time, with a rental yield estimate of around 5% providing a solid holding position.