7 Barossa Road, Glenorchy TAS 7010

3-bedroom 1961 house | 150m² on 561m² | city and mountain views | flood overlay noted This property offers a rare combination of usable land and solid 1960s construction in Glenorchy, where well-priced houses with three parking spaces and a separate workshop are increasingly hard to find. The reverse-cycle air conditioning, built-in robes, and fully fenced yard give it genuine live-in readiness for a first home buyer or couple wanting to avoid renovation fatigue. The location near Springfield Gardens Primary School and the NBN FTTP connection add practical long-term appeal without being headline drivers. The flood overlay is the principal risk, likely affecting insurance premiums and possibly future extension approvals, which a buyer must verify before committing. The 2017 sale at $400pw rental suggests a gross yield around 3.5% at current asking, so this is not a high-yield investment play. However, the 561m² lot with city and mountain views holds redevelopment optionality if zoning permits. Hold it as a comfortable home first, and let the land value appreciate over time.