50 The Avenue, Ellendale TAS 7140

Fire risk without sprinklers | aged septic new but one bathroom only | hobby paddock over half acre is real | three fifty-four two block under price guide pressure The property’s proximity to bushland and absence of any overlay protections mean the buyer carries a genuine fire risk that insurers will price into premiums, potentially adding two to three hundred dollars per quarter, and lenders may apply a higher risk weighting if the location falls within a designated bushfire prone area. That risk is partially offset by the brand new septic system and the fact the land is fully fenced with a separate paddock; this makes the house genuinely viable for hobby farming, which is rare in a weatherboard Federation home at this lot size. For a buyer who can carry the insurance cost, the holding strategy is sound for long-term lifestyle use rather than flipping or short-term rental. What makes this property competitively strong is the combination of a four-bedroom layout in a 1936 Federation weatherboard with only one bathroom but two toilets, high ceilings, and Tas Oak floors; few houses at this price point in Ellendale offer that architectural character plus over a third of a hectare of usable land. The current tenant paying five hundred dollars per week signals stable rental demand, and the location near Mount Field National Park and Maydena Bike Park gives it a rare niche for either a holiday let or a semi-rural family home. To secure this at a price that reflects the fire cost and one-bathroom constraint, a buyer should request council fire overlay maps and insurer quotes before making an offer.