89 Celata Drive, Old Beach TAS 7017

Retirement zoned | 2091m² land | bushfire & flood overlay | 2016 build This property offers a rare combination of a modern 2016 build on a substantial 2091m² parcel within a retirement aged care classification, which narrows the buyer pool but creates a specific competitive edge for those who qualify. The large lot with full fencing, deck, and outdoor entertainment area provides immediate lifestyle amenity and future flexibility within the use class. It best suits a buyer seeking a lock-and-leave low-maintenance house with land holding potential in an 88% owner-occupied suburb where supply of newer builds on big blocks is limited. The bushfire and flood overlays are material constraints that will affect insurance costs and may limit some future development options, while the retirement classification restricts resale demand to a defined demographic. Rental yield at $600 per week against a $550k entry point sits around 5.7%, which is workable but not exceptional for the land component. The price range sits below the estimated $595k valuation, offering a potential equity buffer. Hold for land appreciation in a tight owner-occupier market, not for short-term capital gains.