49 Butler Avenue Moonah TAS 7009

1940s character home | light industrial zoning | large garage & workshop | 663m² land | live/work potential This property presents a competitively strong proposition based on its versatile zoning and substantial land parcel in a functional location. The light industrial zoning within a residential streetscape creates a rare live-work or development pocket, serviced by ample on-site parking and outbuildings. It serves an investor or owner-occupier seeking utility over pure amenity, with its original condition and size offering immediate function and a clear renovation pathway. The primary decision hinges on accepting the pricing premium over the estimated market value, which reflects the zoning potential. The commercial logic is in capitalising on that permissive use, as the suburb’s growth and rental yield are solid. Hold this property to develop its income or utility value, not for speculative land banking. A Propcred report would specifically test the commercial valuation assumptions, detail site contamination risks typical of such zones, and clarify insurance implications for mixed use. Moonah’s median for three-bedroom houses is $662.5k, with 44 selling this year. This property’s asking price sits above that median, demanding a premium justified by its larger land size and unique zoning potential rather than its condition or location alone.