7/37-39 Campbell Street, Hobart TAS 7000

2-bedroom unit, 1998 build, CBD fringe | 85sqm plus garage | flood overlay present | strong rental yield potential The property’s configuration is uncommon for the Hobart CBD fringe – a full 85sqm internal area with a separate garage in a 1998 build offers genuine liveability that newer apartments in the area rarely match. The land component, while strata-titled, provides a tangible buffer against depreciation that pure high-density stock lacks. For an owner-occupier seeking a genuinely spacious two-bedroom unit within walking distance of the city, the floor plan and garage are competitively strong. The rental yield range of 4.6 to 5.6 percent gross, based on current list price, positions it as a viable hold for an investor targeting consistent cash flow in a constrained market, though the yield is not exceptional for Hobart. The flood overlay is the primary risk, and its presence may narrow the buyer pool at resale and could affect insurance premiums – a cost that should be quantified before commitment. The minor land-size discrepancy across sources suggests a need to verify the strata plan, as this can affect future redevelopment potential or body corporate levies. Land size is modest, so the property’s value is tied to its internal amenity and location, not land banking. For a buyer, this unit works best as a long-term hold for stable rental income or as a well-located, low-maintenance home. Do not overpay beyond the $700,000 list price given the overlay risk.