304/431 Elizabeth Street, North Hobart TAS 7000

Spacious new build in walkable North Hobart | 3-bedroom apartment with two secure car spaces | High-end finishes rarely offered in this configuration | S. Group design quality This property represents a rare combination of size and specification in a tightly held inner-city pocket. The 90m² internal floor plan with three bedrooms and two bathrooms is generous by apartment standards, while the inclusion of two garage spaces and a tiled balcony adds functional value that most comparable units lack. The double glazing, engineered timber flooring, and stone benchtops signal a build quality that should hold its appeal for owner-occupiers seeking a low-maintenance alternative to period homes. For investors, the rental midpoint of $840 per week suggests strong yield potential relative to the asking range, supported by North Hobart’s enduring demand from professionals and downsizers. No material risks have been identified from the available data, though the property’s recent listing history—withdrawn in 2020 before completion—warrants a brief enquiry into any construction delays or strata levy adjustments. The lack of bushfire, flood, or heritage overlays simplifies due diligence, and the FTTP connection adds a practical edge for remote workers. The opportunity lies in securing a near-new unit with premium fixtures in a suburb where comparable stock rarely trades; buyers who act decisively may benefit from limited competition in this configuration.