86 Duntroon Drive, Rokeby TAS 7019

1976 build on 663m² | 13% footprint leaves expansion room | flood overlay present | solid rental in place | set-and-forget candidate The buying case here rests on the land-to-building ratio. At 88m² on a 663m² lot, the house occupies only 13% of the site, which is unusually low for a suburban property and gives a buyer genuine optionality – whether for a future extension, a secondary dwelling, or simply holding land that is increasingly scarce in Rokeby’s more established pocket. The current layout is compact but functional, with split-system heating, built-in wardrobes, and an outdoor entertainment area that aligns with tenant expectations. The property already has reliable tenancy, which reduces vacancy risk for an investor seeking immediate cash flow. It serves best a buyer who values land content over finish and is comfortable with a buy-and-hold strategy in a location with primary school zoning and FTTP connectivity as supporting factors. The flood overlay is the primary risk and it is not trivial. It may affect insurance premiums and could limit certain types of future development, particularly if council imposes floor-level requirements or restricts earthworks. That overlay also narrows the resale pool to buyers who are either experienced with flood-prone land or willing to accept the constraint for the land value. On the opportunity side, the low building coverage means a well-designed addition could increase rental yield without triggering a full rebuild. The 2021 purchase history suggests the current owner has held through a period of price growth, so the asking price may already reflect some of that gain. Hold this property for land appreciation and rental income, and treat the flood overlay as a known constraint rather than a dealbreaker – it is priced in.