3/32 Spencer Street, Brooklyn TAS 7320

Renovated unit | secure tenant to 2027 | Romaine Park zone | Burnie growth corridor A fully renovated 2-bedroom unit in a tightly held Brooklyn block offers rare immediate cash flow with a fixed lease at $460pw through February 2027. The property sits in Romaine Park Primary intake, a consistent demand driver for family-oriented tenants, and carries no bushfire, flood, or heritage constraints – reducing holding risk. This suits an investor seeking a set-and-forget entry into Tasmania’s northwest market, where recent block sales show capital uplift potential. The 249m² lot is smaller than typical houses, limiting future subdivision or extension options. Discrepancies in car space counts and land size across sources suggest due diligence on title is essential. The 2019 purchase price of $340,000 for the broader block implies current $500,000 ask may test market ceiling. NBN Fibre to the Node and 5G coverage support tenant appeal but are not price drivers. Hold for steady rental yield until lease expiry, then reassess vacancy risk.