23 Annie Street, St Helens TAS 7216

Solid positioning | 1984 build on 750sqm | directly opposite hospital | proven rental history The property’s strongest buying case lies in its dual appeal to both investors and owner-occupiers, anchored by a rare location directly opposite St Helens District Hospital. The 750sqm land holding with only 15% building coverage offers significant future flexibility, while the existing tenancy provides immediate income certainty. The 1984 construction with reverse-cycle air conditioning and built-in robes makes this a low-maintenance entry into a tightly held market, best suited to buyers seeking stable regional exposure without renovation demands. The primary risk is the limited upside from the single bathroom configuration, which may cap future capital growth compared to two-bathroom alternatives. Buyers should note the 2018 to 2021 price trajectory suggests strong recent appreciation, meaning near-term gains may moderate. The opportunity lies in the underutilised land area, which could accommodate a future granny flat or subdivision subject to council approval. Hold this property for steady rental yield and land banking potential rather than short-term flipping.