7 Taroona Street, Gravelly Beach TAS 7276

settled 70s brick home | no bushfire or flood risk | flat 736sqm block | first sale since built The property presents a low-risk entry into a tight riverside market. Its 1975 brick construction and flat land remove the structural and site hazards that typically erode value in older houses. The absence of bushfire or flood overlays eliminates insurance cost creep and resale friction. What the buyer gains is a durable shell in a rare flood-safe position one minute from water. The 120sqm floor area and single bathroom limit upside without renovation but the 736sqm lot offers future addition potential. This property works best as a stable long-term hold or a first home with growth optionality on the land. What makes this competitively strong is the combination of a never-sold history, a flat usable block, and location within walking distance to Paper Beach and Exeter schools. The inbuilt wood heater and heat pump provide redundancy in an area where winter heating matters which reduces utility dependency and holds appeal for downsizers or families. The vegetable patch and large garage signal a property maintained by someone who cared which lowers the risk of deferred maintenance surprises. This house suits a buyer who values quiet coastal proximity over modern finishes, or an investor seeking 4.5% gross yield based on midpoint rent of $500 per week. Your next step is to commission a pest and building inspection before the pending offer closes. With comparable sales for similar brick houses on flat land in Gravelly Beach showing a 4% annual lift over three years, this property offers rare downside protection in a micro-market where supply is constrained by the absence of new builds.