53 Lipscombe Avenue, Sandy Bay TAS 7005

Spacious family home on corner block | north-facing river views | dual-living layout with separate retreat | high owner-occupier street This property’s strongest buying case is its dual-living configuration on a corner allotment, which is rare in Sandy Bay’s tightly held market. The fully self-contained downstairs retreat with two bedrooms, two living spaces, and separate access allows for multi-generational occupancy or rental income, effectively offsetting holding costs. The four sun-filled living zones and northerly river views add lifestyle appeal that typically commands a premium in this precinct. For a buyer seeking a versatile family home in a stable, owner-occupied street, this property offers configuration flexibility that standard houses in the area do not. The primary risk is the disused swimming pool, which will require structural assessment and likely significant restoration or removal costs. Buyers should budget for this contingency. The market context shows Sandy Bay’s median for five-bedroom houses has softened, but this property’s corner position and dual-access layout differentiate it from recent sales on the street. The location near Black Fig grocer and within five minutes of key amenities supports strong rental demand if the downstairs is leased separately. Hold this property as a long-term family home with income offset, or convert the retreat to a permanent rental to improve yield.