24 Montagu Bay Road, Montagu Bay TAS 7018

1951 character home | 723m² level & fenced land | 4 car spaces | Montagu Bay Primary catchment | Updated bathroom & original floors This property presents a competitively strong offering based on its large, level allotment in a convenient family catchment, a configuration increasingly rare near the city. The 1951 build successfully blends original character with contemporary comfort through updated finishes and efficient heating, serving a family or long-term occupant seeking space and privacy without compromising on location. Its above-average land component and multiple car spaces solidify its utility and positional advantage over typical smaller-lot stock in the area. The decision hinges on the capital required to maintain a 70-year-old structure, despite updates, against the security of a fully-held, income-producing asset in a low-overlay zone. The estimated rental yield provides a commercial logic for an investor, while the peaceful garden setting and proximity to schools support owner-occupier appeal. This property is a hold for a decade to realise the land value appreciation, not a short-term renovation play. Recent nearby sales, while undisclosed in price, indicate active market movement for similar 3-bedroom homes in Montagu Bay and adjacent Lindisfarne and Howrah. This activity confirms sustained buyer demand in this eastern shore corridor, providing a credible foundation for the property’s current estimated value range.