64 Swanwick Drive, Coles Bay TAS 7215

River views | Strata titled flexibility | 8 car spaces | 1970s build on large lot | Flood overlay This property presents a rare configuration for Coles Bay, combining a substantial 1328m² parcel with strata titling that enables two self-contained living areas, appealing directly to multi-generational families or investors seeking dual occupancy. Its eight car spaces and river views are premium, scarcity-driven features in a market dominated by smaller lots, positioning it for capital growth tied to the enduring demand for the Tasmanian east coast lifestyle. The 1970s structure offers renovation potential for a buyer seeking to modernise while retaining character. The primary decision mechanism is the flood overlay, which imposes insurance costs and potential future resale friction, offset by the property’s larger land holding and flexible use. The listed price sits significantly above both its estimated value and recent comparable sales, demanding a buyer secure it well below asking to justify the premium for its unique attributes. Acquire only for long-term hold, leveraging its dual-income capability to mitigate holding costs while banking on land value appreciation.