29 Glen Dhu Street, South Launceston, Tas 7249

This classic Californian bungalow's conversion into two self-contained apartments complements its capacity for delivering rental returns in a location that offers convenient proximity to Coronation Park, Glen Dhu Primary School and Launceston's CBD. 

The floor-plan's division features a three bedroom unit at the front of the home, that attracts rent of $380 per week while the two bedroom apartment at the rear returns $340 per week for a combined weekly total of $720 or some $37,440 per annum. 

Each entirely functional floor-plan offers well-maintained, independent spaces served by user friendly kitchens and central bathrooms on an allotment that provides ample off street parking for tenants at the rear. 

Current year Local Government Rates, $2,788; Land Tax $ 1,701 and TasWater fixed charges, $2,099 apply to this property, poised to continue its track record of consistent investment performance while also delivering ongoing capital growth and potential for commercial re-development of the site if so desired, STCA.