72 Alexander Street, Shearwater TAS 7307

Renovated coastal house | large flat 829m² block | central Shearwater | 3 bedrooms, one bathroom | room to extend This property offers a rare combination of immediate liveability and future flexibility on a large flat block in a sought-after coastal pocket. The renovation has been executed to a standard that allows for comfortable occupation while preserving the opportunity to add value through extension or improved shedding, subject to council approval. The north-facing deck and paved barbecue area extend the living space effectively, and the polished Tasmanian Oak floors and high ceilings give the interior a quality rarely found at this price point. It suits buyers who want a foothold in a premium lifestyle location without paying a premium for a finished product, and who have the patience to realise upside over time. The single bathroom is the most material limitation and will narrow the buyer pool at resale, though it is not unusual for a 1986 build of this size. The 13% land coverage confirms significant undeveloped site area, but any extension will require council approval and should not be assumed. The property sits in a low-risk zone with no bushfire, flood, or heritage overlays, and NBN FTTP adds practical convenience. For investors, the estimated rent of $555 per week against the asking range produces a yield that is competitive for the area, though the one-bathroom configuration may limit tenant demand at the upper end of the rental range.