Here’s an opportunity for a canny investor to pick up an absolute bargain. With the shortage of rental houses in New Norfolk, this one will be a breeze to tenant. With a projected rental income of $250pw, a return of nearly 7% (gross) can be expected. Featuring a near-new heat pump, Tas-oak floors and 3 double bedrooms, this one doesn’t need any work prior to being tenanted. Outside features a good-sized child-safe level yard which is fully fenced, undercover BBQ/entertaining area and a great double garage (with power/lights) plus a carport and plenty of off-street parking.

This tidy home is just a few minutes walk from historic New Norfolk’s premier golf course, with the Footy club not much further down the road and New Norfolk’s CBD just a few minutes drive.

1st Home Buyers or Renovators looking for a bargain may also want to consider this one. Currently the scenic Derwent Valley represents the most affordable region in southern Tasmania, but with the influx of people from the mainland who are drawn to this area, that’s bound to change.